Sony is raising PS5 prices in the US, with every system going up by $50. The company said it is continuing to “navigate a challenging economic environment” and will pass the cost on to consumers in the form of higher prices. The new prices go into effect on August 21.
The new prices can be seen below. All three models are still available for the lower prices at Amazon and other retailers until tomorrow. Notably, the PS5 Slim Digital bundle with Call of Duty: Black Ops 6 is still in stock at PlayStation Direct for $400, so you’re saving $100 compared to the new price and getting a free game.
The price points for PS5 accessories are not changing, Sony said, adding that the PS5 console price hikes apply only to the US market. Other markets saw PS5 console price hikes earlier this year.
Analyst Daniel Ahmad said Sony is raising prices against the backdrop of higher tariff rates on countries where the PS5 is produced, including China (30%), Japan (15%), Vietnam (20%), and Malaysia (19%).
Before this, Microsoft announced price hikes for its Xbox consoles. Nintendo, meanwhile, has said it cannot rule out raising the price of the Switch 2 due to tariffs. The company has already raised prices on a number of Switch 2 accessories.
On August 1, US President Donald Trump announced new tariffs that led to some market turmoil. This followed on from the initial “Liberation Day” tariffs that were announced back in April.
Sony is raising prices on the PS5 just after the company disclosed that the system has reached 80 million units sold worldwide. While Sony hasn’t spoken about a hardware successor yet, a few recent developments have given us a few clues on what we can expect from a potential PlayStation 6 console.
Comments are closed, but trackbacks and pingbacks are open.