The company unveiled the price hikes of at least 10%, saying it was a “tough decision” amid the “backdrop of a challenging economic environment, including high inflation and fluctuating exchange rates.”
The recommended retail price for a PS5 Digital Edition will go up to €499 ($570) in Europe, according to a post on Sunday on the official PlayStation blog. That’s up from €449 in a previously announced pricing update in 2022.
In the United Kingdom, the new price will be ￡430 ($565), up from ￡389 previously, while in Australia, the price will increase to AU$749, ($474) from AU$649. The price in New Zealand will rise to NZ$859 ($504).
The PS5 Digital Edition is a slimmed-down version of the console that comes without a disc drive.
Sony said the price in Europe and the UK for the standard PlayStation 5, which was released in 2020 and comes with a Blu-ray Disc drive, will remain unchanged, as will the price for the PS5 Pro version, which was released last year.
US President Donald Trump’s move earlier this month to impose tariffs on nations around the world has roiled global manufacturing supply chains. News on the weekend that imports of electronics like smartphones and laptops are getting a temporary reprieve until the administration figures out a new tariff approach specific to the semiconductor industry has added to the confusion for exporters.
Also read: ‘Correct mistakes, heed rational voices’: Chinese Commerce ministry tells Trump
