[Update] PlayStation 5 Price Increased In Multiple Non-US Markets, Microsoft Responds

Update, 8/25/22, 2:58 p.m.

Following news from Sony Interactive Entertainment earlier today that it has raised the price of the PlayStation 5 in multiple non-U.S. markets, Microsoft has revealed that it will not follow suit. 

Microsoft spokeswoman said Windows Central The company does not intend to increase the prices of Xbox Series X/S consoles. 

The spokesperson said that the company is constantly reviewing its business in order to provide great options for gamers. “Our Xbox Series S suggested retail price remains at $299 (£250, €300) [and]The Xbox Series X [remains] $499 (£450, €500).”

Continue reading the original story below.

Original Story, 8/25/22 at 8:09 AM

Sony Interactive Entertainment revealed that it raised the price of PlayStation 5 consoles, both the digital disc drive editions, in multiple markets around the world. 

This news comes from a blog post released by the company today detailing the price increase, why it’s happening, and what markets are affected. Sony states that price increases are caused by the current global economic environment, high inflation rates and other factors. 

“The global economic environment is a challenge that many of you around the world are no doubt experiencing,” the post from SIE president and CEO Jim Ryan reads. “We’re seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries. SIE made this difficult decision based on the challenging economic environment. It has increased the suggested retail price (RRP), for PlayStation 5 in selected markets throughout Europe, Middle East and Africa (EMEA), Asia-Pacific, APAC, Latin America (LATAM), and Canada. In the United States, there will not be a price hike.

“While this price increase is a necessity given the current global economic environment and its impact on SIE’s business, our top priority continues to be improving the PS5 supply situation so that as many players as possible can experience everything that PS5 offers and what’s still to come.” 

Below are both the affected areas and the updated PS5 prices for both the PS5 editions.: 

• 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