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Sony has officially announced that the PlayStation 5 will become more expensive in most markets. It is pushing the price up due to the “challenging economic conditions” and ongoing supply problems.
The company listed the new retail prices for the console in Europe, the UK, Japan, China, Australia, Mexico and Canada in a blog post. The only major market that Sony explicitly said wouldn’t get a price hike is the United States.
On why the company is raising the price, Jim Ryan, president of Sony Interactive Entertainment, said in the blog post, “We are seeing high global inflation rates, as well as unfavorable currency trends, impacting consumers and putting pressure on many industries.” This reflects the reasons of Meta, who increased the price of the Meta Quest 2 last month quote an increase in “the cost of making and shipping our products.”
The PlayStation 5 is already something of a unicorn, in that users have a hard time finding one thanks to its component shortages. Ryan acknowledged the lack of offer, saying: “[Our] Our top priority remains to improve the PS5 supply situation so that as many players as possible can experience all that PS5 has to offer and what is to come.”
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