{"id":56032,"date":"2022-08-25T13:25:04","date_gmt":"2022-08-25T13:25:04","guid":{"rendered":"https:\/\/harchi90.com\/sony-raises-playstation-5-console-prices-in-many-regions-effective-immediately\/"},"modified":"2022-08-25T13:25:04","modified_gmt":"2022-08-25T13:25:04","slug":"sony-raises-playstation-5-console-prices-in-many-regions-effective-immediately","status":"publish","type":"post","link":"https:\/\/harchi90.com\/sony-raises-playstation-5-console-prices-in-many-regions-effective-immediately\/","title":{"rendered":"Sony raises PlayStation 5 console prices in many regions, effective immediately"},"content":{"rendered":"<div itemprop=\"articleBody\">\n<figure class=\"intro-image intro-left\">\n  <figcaption class=\"caption\">\n<div class=\"caption-text\">enlarge <span class=\"sep\">\/<\/span> Wanna buy one of these in many parts of the world?  Starting today, that&#8217;s gonna cost you a little bit more.<\/div>\n<p>Sam Machkovech<\/p>\n<\/figcaption><\/figure>\n<aside id=\"social-left\" class=\"social-left\" aria-label=\"Read the comments or share this article\">\n<\/aside>\n<p><!-- cache hit 59:single\/related:1a564775fda626b43fc4d1a946fbbc21 --><!-- empty --><\/p>\n<p>In the early hours of Thursday morning, Sony announced massive news for its PlayStation 5 console family.  Around the world, console prices are going up.<\/p>\n<p>The price hike for both models of PlayStation 5 (one with a disc drive, one without) is effective immediately in at least six regions, with Japan joining the price-hike fray on September 15. Sony&#8217;s announcement lists specific price increases for some of its The biggest gaming territories, yet it additionally warns that &#8220;select markets&#8221; may see their own price hikes in the coming days.  These include territories in the Asia-Pacific region, Central and South America, and the massive cluster of nations that comprises the EMEA (Europe, the Middle East, and Africa).<\/p>\n<p>Somehow, one particular region is out of Sony&#8217;s price-hike crosshairs for now: the United States.<\/p>\n<table class=\"specifications center\" width=\"400\">\n<tbody>\n<tr>\n<th style=\"text-align: left;\" colspan=\"4\"><span style=\"font-weight: 400;\">PS5 price hikes, August 2022<\/span><\/th>\n<\/tr>\n<tr>\n<td\/>\n<td>new<\/td>\n<td>old<\/td>\n<td>Percentage increase<\/td>\n<\/tr>\n<tr>\n<td>Europe<\/td>\n<td>549.99 euros<\/td>\n<td>499.99 euros<\/td>\n<td>10<\/td>\n<\/tr>\n<tr>\n<td>Europe (all-digital)<\/td>\n<td>449.99 euros<\/td>\n<td>399.99 euros<\/td>\n<td>12.5<\/td>\n<\/tr>\n<tr>\n<td>UK<\/td>\n<td>479.99 pounds<\/td>\n<td>449.99 pounds<\/td>\n<td>6.7<\/td>\n<\/tr>\n<tr>\n<td>UK (all-digital)<\/td>\n<td>389.99 pounds<\/td>\n<td>359.99 pounds<\/td>\n<td>8.3<\/td>\n<\/tr>\n<tr>\n<td>Japan*<\/td>\n<td>54,980 yen<\/td>\n<td>49,980 yen<\/td>\n<td>10<\/td>\n<\/tr>\n<tr>\n<td>Japan (all-digital)*<\/td>\n<td>44,980 yen<\/td>\n<td>39,980 yen<\/td>\n<td>12.5<\/td>\n<\/tr>\n<tr>\n<td>china<\/td>\n<td>4,299 yuan<\/td>\n<td>3,899 yuan<\/td>\n<td>10.3<\/td>\n<\/tr>\n<tr>\n<td>China (all-digital)<\/td>\n<td>3,499 yuan<\/td>\n<td>3,099 yuan<\/td>\n<td>12.9<\/td>\n<\/tr>\n<tr>\n<td>Australia<\/td>\n<td>AU$799.95<\/td>\n<td>AU$749.95<\/td>\n<td>6.7<\/td>\n<\/tr>\n<tr>\n<td>Australia (all-digital)<\/td>\n<td>AU$649.95<\/td>\n<td>AU$599.95<\/td>\n<td>8.3<\/td>\n<\/tr>\n<tr>\n<td>Mexico City<\/td>\n<td>MX$14,999<\/td>\n<td>MX$13,999<\/td>\n<td>7.1<\/td>\n<\/tr>\n<tr>\n<td>Mexico (all-digital)<\/td>\n<td>MX$12,499<\/td>\n<td>MX$11,499<\/td>\n<td>8.7<\/td>\n<\/tr>\n<tr>\n<td>Canada<\/td>\n<td>CA$649.99<\/td>\n<td>CA$629.99<\/td>\n<td>3.2<\/td>\n<\/tr>\n<tr>\n<td>Canada (all-digital)<\/td>\n<td>CA$519.99<\/td>\n<td>CA$499.99<\/td>\n<td>4<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>* Japan&#8217;s price hike will not go into effect until September 15, 2022.<\/em><\/p>\n<p>The price hike appears to be a flat amount of currency in each affected region for both PS5 models.  Thus, on a percentage basis, the more affordable PS5 models without disc drives are hit harder by today&#8217;s news.  Canada gets off the easiest with today&#8217;s increase on a percentage basis, while Europe, Japan, and China are each tied for PS5&#8217;s harshest price increases.<\/p>\n<p>Sony attributes the across-the-board price jumps to two major economic factors: rising inflation and historic lows for the Japanese yen.  The US&#8217;s purchasing power doesn&#8217;t seem immune to either of those issues, so it&#8217;s unclear whether Sony&#8217;s assurance that &#8220;there will be no price increase in the United States&#8221; is an ironclad one.<\/p>\n<h2>Bad news for the upcoming PSVR2?<\/h2>\n<p>The price hike follows similar news from Meta&#8217;s virtual reality division, which opted to raise prices for its Quest 2 VR system late last month.  Meta attempted to soften the impact of its $100 across-the-board price hike by including a free download of its popular rhythm-action game <em>Beat Saber<\/em>which normally retails for $30.<\/p>\n<aside class=\"ad_wrapper\" aria-label=\"In Content advertisement\">\n    <span class=\"ad_notice\">Advertisement <\/span>    <\/p>\n<\/aside>\n<p>As of press time, Sony has not suggested that it will include any downloadable freebies as part of its own price-hike plan, though its jump in price currently doesn&#8217;t appear to exceed 13 percent in any region, as opposed to Meta&#8217;s price increase reaching either 25 or 33 percent, depending on the model.<\/p>\n<p>Curiously, Sony&#8217;s Tuesday launch-window announcement about its next virtual reality system, PlayStation VR2, did not suggest a retail price.  Perhaps Sony is keeping that news under wraps so it can buy more time to price that PS5 add-on amid current market realities.  (This may prompt some re-thinking on our recent guesses about PSVR2 prices.)<\/p>\n<p>Ars Technica&#8217;s Kyle Orland recently researched the history of console prices, though his analysis mostly revolved around the Nintendo Switch, a 2017 console that has had more years to grow long in the tooth in terms of its price-to-performance ratio.  If that mega-selling console had followed historic console pricing trends, Orland&#8217;s analysis suggests its price might have dropped by now to a figure between $150 and $180 in the United States.  Yet a combination of economic factors, including a chip shortage and unusually high demand for a years-old gaming system, has helped Switch hold fast to its original MSRP around the world.<\/p>\n<p>Orland&#8217;s report was prompted in part by Nintendo recently assuring investors and financial watchdogs in its home nation of Japan that Switch&#8217;s price would not increase in the near future.  Neither Sony nor Microsoft&#8217;s Xbox division had made similar promises ahead of Thursday&#8217;s PS5 news.  Microsoft enjoys a few advantages compared to Sony within the same inflation-filled marketplace: namely, a more diverse financial portfolio, more than double Sony&#8217;s cash reserves, and much less reliance on the Japanese yen.  Time will tell whether Microsoft will continue absorbing the inflation-related costs of keeping its own Xbox console prices static.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>enlarge \/ Wanna buy one of these in many parts of the world? Starting today, that&#8217;s gonna cost you a little bit more. Sam Machkovech In the early hours of Thursday morning, Sony announced massive news for its PlayStation 5 console family. Around the world, console prices are going up. The price hike for both &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/sony-raises-playstation-5-console-prices-in-many-regions-effective-immediately\/\"> <span class=\"screen-reader-text\">Sony raises PlayStation 5 console prices in many regions, effective immediately<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[4],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":67686,"url":"https:\/\/harchi90.com\/sonys-playstation-hardware-chief-to-retire-next-month\/","url_meta":{"origin":56032,"position":0},"title":"Sony&#8217;s PlayStation hardware chief to retire next month","date":"September 6, 2022","format":false,"excerpt":"Sony's longtime PlayStation hardware chief is retiring on October 1st. 60-year-old Masayasu Ito, who led the engineering for both the PS4 and PS5, is retiring according to Bloomberg and will be replaced by current director Lin Tao. 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