Sony raised the price of PS5 consoles in the United States by about $50, effective August 21. PlayStation attributed the increase to a challenging economic environment. President Donald Trump's tariffs contributed to broader pricing pressures, prompting other companies to consider hikes for U.S. consumers, including Shein and Adidas. Nintendo also raised prices for the original Switch in the U.S., citing market conditions. The PS5 launched in 2020 to massive demand, becoming the largest console launch in U.S. history, and persistent demand made stock hard to obtain even six months after release.
PlayStation, owned by Sony, announced on Wednesday that it will increase the recommended retail price for its PlayStation 5 consoles by about $50 starting August 21. "Similar to many global businesses, we continue to navigate a challenging economic environment," PlayStation said in a press release. President Donald Trump's tariffs have pushed numerous companies to consider price increases for their US consumers, including Shein and Adidas.
Sony's decision to hike PS5 prices follows a similar move by its rival Nintendo, which said it would also raise prices for its original Switch console in the US. Nintendo cited "market conditions" in a press release earlier this month. The PS5 burst onto the gaming scene to immense fanfare in 2020, becoming the biggest console launch in US history at the time. The PS5's popularity made it difficult for Sony to keep up with demand, which made purchasing the coveted console difficult for gamers - even six months after its release.
Collection
[
|
...
]