Sony has reportedly increased the price of PlayStation 5 consoles for select markets.
Image Credits: Curator
According to a recent report, Sony has announced that it will increase the price of its newly launched PlayStation 5 game console.
However, this news comes from Sony that this new PlayStation 5 will see a price increase, but it will not be applicable in all countries as it will be seen in select markets. To find out more, let’s take a look at what Sony is planning:
Sony PlayStation 5 price increase to see
Sony PlayStation 5 price increase to see
Image credits: Anthony
The Japanese-based giant technology company first announced the price increase in various countries worldwide, and this price increase is not applicable in all countries but only in a few countries, among them:
- europe,
- Australia,
- china,
- Australia
- Canada and
- So does Mexico.
However, the price increase will be excluded from all other countries. So now you know where the price increase applies! Now let’s see why Sony has introduced a price hike in select markets.
Sony has announced a price increase for the PlayStation 5 in the following countries
• Europe: €549 (+€50)
– PS5 Digital: €449 (+€50)• UK: £479 (+£30)
– PS5 Digital: £389 (+£30)• Australia: AU$799 (+AU$50)
– PS5 Digital: AU$649 (+AU$50) pic.twitter.com/17QawhXGEc— Anthony (@TheGalox_) August 25, 2022
Reasons why Sony has increased the price of PlayStation 5
After announcing the price increase for the above mentioned countries. Sony has explained the reasons for the price increase, mainly due to the high global inflation and weak currency trend, which has only affected these selected countries, and is also affecting many other industries that are opening in these countries. .
“In addition to negative currency trends, we are looking at global inflation that is hurting consumers and putting pressure on many businesses,” said Jim Ryan, president and CEO of Sony Interactive Entertainment. Given the current economic situation, SIE has made a tough choice to increase the recommended retail price (RRP) in certain territories in Europe, the Middle East and Africa (EMEA), Asia-Pacific (APAC), Latin America (LATAM). And Canada. There will be no price increase in the United States.
Will the price hike be implemented in India?
As good news, Sony has not included India as part of their price hike plan. So, we can probably assume that no such price increase will be seen for the PlayStation 5 game consoles sold in India. So you can get this console for its launch pricing without worrying about the price hike.
Consumers show concerns
After the price hike, many consumers, especially from these select countries, expressed concern about how expensive the PlayStation 5 is becoming, a console that already costs more than its rival consoles, including Microsoft’s Xbox Series X and Xbox Series S series. You get the consoles and also the controller and the headset.
