People who haven't gotten the PS5 may have to pay more for it. Jim Ryan, president and CEO of Sony Interactive Entertainment, said that the company has raised the console's prices in certain markets due to the challenging economic conditions. He said that the company had to make a difficult decision because of high global inflation rates. There won't be a price hike in the US for now.
The recommended retail price for the console in Canada, Mexico, Europe, the UK, Middle East, Africa, Latin America, China and Australia has been increased. The new prices will take effect in Japan. The disc will cost 50 more in Europe than it did in the UK, and the digital version will cost 30 more than it did in the UK. The consoles will cost 10,500 more in Japan than they did in the US.
Ryan said the price increase is necessary given the current economic environment. Sony's priority is to improve the PS5's supply so that more people can get it. The company said in May that it will be able to ramp up the console's production, but that it may not be enough to meet the strong demand for the console until next year.
Below is a list of the PS5's new prices. Sony recommends checking with local retailers to find out more about the affected areas.
The Europe PS5 has an Ultra HD disc drive.
The PS5 Digital Edition is available for 499.99.
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