PlayStation 5 is Getting a Price Increase in Major Territories

PlayStation 5 consoles

Sony has today announced that it is raising the price of its PlayStation 5 consoles in major territories across the world. The PlayStation 5 price increase will take effect immediately and impacts almost every major country except the United States. Check out the new prices in each region below.

  • Europe
    • PS5 with Ultra HD Blu-ray disc drive – €549.99
    • PS5 Digital Edition – €449.99
  • UK
    • PS5 with Ultra HD Blu-ray disc drive – £479.99
    • PS5 Digital Edition – £389.99
  • Japan (effective Sept. 15, 2022)
    • PS5 with Ultra HD Blu-ray disc drive – ¥60,478 yen (including tax)
    • PS5 Digital Edition – ¥49,478 yen (including tax)
  • China
    • PS5 with Ultra HD Blu-ray disc drive – ¥4,299 yuan 
    • PS5 Digital Edition – ¥3,499 yuan
  • Australia
    • PS5 with Ultra HD Blu-ray disc drive – AUD $799.95
    • PS5 Digital Edition – AUD $649.95
  • Mexico
    • PS5 with Ultra HD Blu-ray disc drive – MXN $14,999
    • PS5 Digital Edition – MXN $12,499
  • Canada
    • PS5 with Ultra HD Blu-ray disc drive – CAD $649.99
    • PS5 Digital Edition – CAD $519.99

Sony blames the current “global economic environment” and “high global inflation rates,” in addition to fluctuating currency values across the globe. Though, there will be no price increase for consumers in the United States. Perhaps Sony doesn’t believe the “economic environment” or inflation has changed in the USA.

The price increase is different in each country but largely correlates to an increase of around $40-50 US dollars on average. It’s unfortunate for those who haven’t been able to get their hands on a PS5 due to stock constraints or those who have been waiting for the traditional mid-gen console price drops.

The console war ball is now in Microsoft’s court. Xbox Series X/S consoles have had fewer issues with stock constraints, and both consoles can now be easily purchased, sometimes even at discounts. In Europe, there are regular sales on the Xbox Series S, which is now around half the price of a PlayStation 5, and the Series X can be purchased on a whim.

It’ll be interesting to see how the price increase affects the future of the PlayStation 5 going forward.

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