Sony hikes PlayStation 5 prices in U.S. amid tariff uncertainty
PS5 by PlayStation is displayed in a GameStop in Manhattan, New York, in December 2021. Sony raised prices of its PlayStation 5 consoles in the United States by $50 on Thursday, as the Japanese conglomerate navigates a slow recovery in the videogame market while U.S. tariffs threaten to raise costs.
Sony raised prices of its PlayStation 5 consoles in the United States by $50 on Thursday, as the Japanese conglomerate navigates a slow recovery in the videogame market while U.S. tariffs threaten to raise costs.
All three PlayStation 5 consoles saw a similar price hike, with the most expensive PS5 Pro version expected to cost $749.99, the company said in a blog post on Wednesday.
The price changes follow President Donald Trump announced sweeping tariffs on imports from global manufacturing hubs such as China and Japan, leading to fears of supply chain disruptions and high material costs.
Sony had raised the prices of its consoles in various European markets in April. Rival Xbox also hiked sticker prices of its consoles and accessories in the U.S., Europe, Australia and the UK a month later.
Consoles were expected to be a major driver of videogame market growth this year due to the launch of premium titles such as Take-Two Interactive's "Grand Theft Auto VI" and Nintendo's Switch 2.
But console price hikes and the delay of highly-anticipated "GTA VI" to next year have cast some doubt on the pace of growth in the industry.
On Wednesday, Sony said there are no price changes for other markets and prices of PlayStation 5 accessories remain unchanged.
Dominic Maley is an American journalist recognized for his sharp and insightful reporting on social and political issues. His work is known for its depth, integrity, and the ability to highlight critical societal concerns.