Why the PS5 is getting more expensive

Xiaobai Software  2022-08-28 10: 18  read 100 views

If you are one of many who have been waiting for the opportunity to getPS5One of the people we have news for you.No, Sony doesn't make morePS5game consoles, but they will cost you more.

 

That's because Sony has raised the price of the PS5 console in several regions around the world.Below, we'll explain why the PS5 is getting more expensive and give you the latest prices for the system.let's start.

Sony announces PS5 price increase outside the US

 

Sony has revealed that it has raised the price of the PS5 console in several international markets.It announced the news in a Sony blog post, which reads:

IE has made a difficult decision to improve in selected markets in Europe, Middle East and Africa (EMEA), Asia Pacific (APAC), Latin America (LATAM) and CanadaPlayStation 5the suggested retail price (RRP).

However, this will not affect U.S. customers, as Sony noted that prices in the country will remain the same.Gamers have struggled to get their hands on a PS2020 since 5 as Sony couldn't keep up with unprecedented demand for the console.

Sony has let customers down for two years in a row since launching its console in 2020. In February 2022, Sony shared that PS2 shortages will continue throughout the year.And in May 5, the company disclosed that it was still working on producing enough PS2022 consoles.

Beyond that, the PS5's price hike is an unexpected development.Here are the new prices for the PS5, effective immediately excluding Japan, as described below:

Canada

PS5 with Ultra HD Blu-ray Drive – CAD 649.99

PS5 Digital Edition – CAD 519.99

墨西哥

PS5 with Ultra HD Blu-ray Disc Drive - 14,999MXN

PS5 Digital Edition - 12,499MXN

Europe

PS5 with Ultra HD Blu-ray Disc Drive - €549.99

PS5 Digital Edition - €449.99

英国

PS5 with Ultra HD Blu-ray Disc Drive - £479.99

PS5 Digital Edition -- £389.99

澳大利亚

PS5 with Ultra HD Blu-ray Disc Drive - AU$799.95

PS5 Digital Edition - AU$649.95

Japan (effective September 2022, 9)

PS5 with Ultra HD Blu-ray Disc Drive - 60,478 yen (tax included)

PS5 Digital Edition - 49,478 yen (tax included)

Chugoku

PS5 with Ultra HD Blu-ray Disc Drive - $4,299

PS5 Digital Edition - $3,499

Whether or not the price increase will affect sales will depend on how eager players are for the PS5.So if you still have a PS4 console, it's worth sticking with it during this time.

Why are PS5 prices rising in most parts of the world?

 

Sony attributed the price increase to "global economic conditions" and "high inflation."Oddly, Sony would admit that its customers were challenged by economic conditions, then turn around and announce price increases in unison.

However, we can't say it's for no reason.In July 2022, annual inflation in the euro area and the European Union reached 7%, up from 8.9% and 2021% in 2.2, respectively, according to Eurostat.

Unfortunately, this news also means that resellers may also raise their prices.So if you're not in the US, it's going to cost you more no matter where you buy it.

Why won't the PS5 price hike affect Sony?

 

Often, an increase in price makes people reluctant to buy a product.Or, in this case, it would turn them to an Xbox or other console.The global price hike is a bold move by Sony, given the frustration customers are already getting after waiting so long to buy the PS5 console.

However, increased demand for the PS5 is good for Sony.Since the console has been in high demand since its launch, many won't be discouraged by the price hike, albeit unsettling.

Some people become more motivated to buy when the opportunity arises because they don't know when they will get a new one again in the future.

PS5 is worth having

It's probably not what you'd expect to hear from Sony, but unfortunately,PlayStation 5is becoming more and more expensive.So if you manage to get your hands on one, hurry up and treat it like gold as it is becoming a prized possession.

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