Sony Announces PlayStation 5 Price Hike for Several Major Regions

ISLAMABAD: Sony has confirmed that it will raise the prices of the PlayStation 5 (PS5) in Europe, Australia, and New Zealand, effective immediately. The company cited the challenging economic environment, high inflation, and fluctuating exchange rates as the main reasons for the price increases. This marks the second price hike for the PS5 since its release, following the initial increase in 2022.

PS5 Price Increases

In Europe, the recommended retail price (RRP) for the PS5 Digital Edition has been raised to €499.99, up from €449.99. The price of the PS5 with the Ultra HD Blu-ray disc drive will increase to €549.99, while the price of the PS5 disc edition remains unchanged. In the United Kingdom, the PS5 Digital Edition now costs £429.99, an increase from £389.99. Meanwhile, the PS5 with the disc drive will be priced at £479.99, which remains the same.

In Australia, the PS5 with the optical disc drive will now retail for AUD 829.95, up from AUD 799.95. However, the PS5 Digital Edition will not experience a price hike. Similarly, in New Zealand, the PS5 with the disc drive will now be priced at NZD 949.95, compared to the previous price of NZD 899.95. The PS5 Digital Edition remains unaffected in both regions.

What About PS5 Pro?

However, the PS5 Pro’s retail price will remain unchanged. Sony also announced a reduction in the price of the PS5 Disc Drive attachment, which will now be priced at €79.99/£69.99 in Europe and AUD 124.95/NZD 139.95 in Australia and New Zealand.

This pricing adjustment reflects the ongoing economic pressures on Sony, and the company expects similar price changes in other regions, including the potential for hikes in the United States.

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