Every version of the PlayStation 5 increased in price by $50 in the U.S. GameStop launched a short-term promotion that adds an extra $50 in-store credit when customers trade in older consoles toward a new PS5. The promotion accepts PS4, Xbox Series X/S, Xbox One, and Nintendo Switch trade-ins. The PS5 all-digital edition carries a $500 price starting August 21. Combined trade-in values and the bonus produce varying totals, with Series S and Series X trade-ins reaching up to $176 and $300 respectively. The bonus credit expires on August 23 and offsets higher retail prices while leaving low base trade-in valuations.
Every version of the PlayStation 5 is now $50 more expensive in the U.S., but at least for now, a new deal at GameStop will cover the difference. The meme stock retailer announced it will start giving anyone who trades in their last-gen consoles an extra $50 in-store credit toward the purchase of a new PS5. This deal applies to anyone trading in an old PS4, Xbox Series X/S, Xbox One, or Nintendo Switch.
Xbox Series X/S owners looking to move over to PlayStation will have it a little easier. A Series S, now sold new at $370, will still get you up to $176, while a Series X, sold for $600, will get you up to $300. I could see taking that. When it comes to the other consoles, the price difference is harder to swallow. GameStop also buries in the fine print that this bonus Trump tariff credit will only be active through August 23.
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