PAYSTATION
PlayStation 5 price INCREASE makes the console harder to get
SONY has revealed that the PlayStation 5 will increase in price from today due to high inflation rates.
Stock for Sony’s latest console is limited, meaning that many consumers hoping to buy one are still left empty handed almost two years after launch.
1
In a , Jim Ryan, CEO of Sony Interactive Entertainment (SIE), wrote about the increase.
In a statement he explains how the price change will affect the majority of regions outside of the US.
This is an unusual move by the company, as typically console prices decrease years after launch in order to bolster sales numbers.
The last time this happened in the UK was in 2009 during the recession.
More in PlayStation
Nintendo increased the price of the Wii by £20 following the fall of the pound.
Ryan blames the current global economic crisis for Sony’s decision to increase prices on the console.
He wrote: “The global economic environment is a challenge that many of you around the world are no doubt experiencing.
“We’re seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries.
Most read in Gaming
“Based on these challenging economic conditions, SIE has made the difficult decision to increase the recommended retail price of PlayStation 5.”
In the UK, both the disc-based and digital consoles will receive a price increase of up to 9%.
The more expensive disc-based console will increase from £449.99 to £479.99, an increase of £30.
PS5’s digital only version will also increase by £30 — from £359.99 to £389.99 — but as the price is lower, it makes a larger increase overall.
Read More on The Sun
This will come as a blow to gamers who have struggled to get their hands on the console despite trying to buy one since its release.
The only way to purchase a PS5 in the UK without waiting for returning stocks is on the second-hand market where prices are often over £100 more than the retail price.
Written by Georgina Young on behalf of .
All the latest Gaming tips and tricks
Looking for tips and tricks across your favourite consoles and games? We have you covered...
- All the video game releases in 2022
- Can you play PS4 games on PS5?
- All of the Call of Duty games in order
- Every Assassin's Creed game in order
- All the GTA 5 mods and cheats
- What are the Pokemon Go Eevee Evolutions?
- Everything you need to know about Roblox
- Who created Fortnite?
- Most popular Roblox games
- How to get free Robux
- How many people play Fortnite?
- Best PS4 games with free PS5 upgrades
- Who is the highest-paid Twitch streamer?
Get all of the latest PS5, Xbox and other video game news here
Topics