PlayStation 5 price increase announced, £30 in UK

PlayStation 5 price increase announced, £30 in UK

PlayStation 5 price increase announced, £30 in UK

Sony has raised the price of the PlayStation 5, effective immediately, in most markets around the world.

The price of the console will increase by £30 in the UK and €50 in Europe, to £480/€550, or £390/€450 for the digital discless version of the console.

Elsewhere in the world, Japan, China, Australia, Mexico and Canada will also see price increases. But the United States will not see a price increase just yet.

Sony deciding not to announce the news during Gamescom Opening Night Live, instead opting to show off a new premium PS5 controller.

PlayStation boss Jim Ryan confirmed the price increases this morning and blamed “high global inflation rates, as well as unfavorable currency trends, for impacting consumers and creating pressure on many industries”.

Ryan said the move was a “tough decision” and Sony’s top priority remains “improving the PS5’s supply situation so that as many gamers as possible can experience all that the PS5 has to offer. and what is yet to come.

Reacting to the news this morning, industry analyst Piers Harding-Rolls wrote that – as unpopular as the move is – the changes are unlikely to hurt pent-up demand or Sony’s bottom line.

“We believe there will be disappointment for some consumers who tried to purchase a PS5 without success, or who saved up to buy the console just in time for the price to rise,” Harding-Rolls wrote. “[But] Strong pent-up demand for Sony’s device means that this roughly 10% price increase in most markets will have minimal impact on console sales. We expect Sony’s sales guidance for the PS5 to remain unchanged.”

Today’s price hike is an unprecedented move by the industry’s biggest console makers, although Sony’s decision follows a similar increase by Meta for its Quest 2 virtual reality headset. Last month, Facebook’s parent company raised the price of Meta Quest 2 by $100, but warned customers and promised to bundle it into one game, Beat Saber, as a kind of sweetener afterwards.

“At this stage, there is no indication that Microsoft will increase its prices for the Xbox Series console. Game Pass and its All Access offer as we enter the holiday shopping season, and as such, this move provides some benefit to Microsoft.”

Here’s how the price is moving around the world, as of now:

Europe (+€50)

  • PS5 with Ultra HD Blu-ray Disc Player – €549.99
  • PS5 Digital Edition – €449.99

UK (+£30)

  • PS5 with Ultra HD Blu-ray Disc Player – £479.99
  • PS5 Digital Edition – £389.99

Japan, starting September 15 (+5,000 yen)

  • PS5 with Ultra HD Blu-ray Disc Player – 60,478 yen (tax included)
  • PS5 Digital Edition – ¥49,478 (including tax)

China (+400RMB)

  • PS5 with Ultra HD Blu-ray disc drive – ¥4,299 yuan
  • PS5 Digital Edition – ¥3,499 yuan

Australia (+AUD $50)

  • PS5 with Ultra HD Blu-ray Disc Player – AU$799.95
  • PS5 Digital Edition – AU$649.95

Mexico (+1000 pesos)

  • PS5 with Ultra HD Blu-ray Disc Player – MXN 14,999
  • PS5 Digital Edition – MXN $12,499

Canada (+20 CAD)

  • PS5 with Ultra HD Blu-ray Disc Player – CAD $649.99
  • PS5 Digital Edition – CAD $519.99

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