October 6, 2022
Alena Veasey/Shutterstock.com If there’s something certain about current-gen consoles like the PlayStation 5, is that their price has never been stable. First, it was the chip shortage. Now that scalping seems to be less common, other woes are at play, causing Sony to raise the price of its console in some markets. Sony has announced…

Alena Veasey/Shutterstock.com

If there’s something certain about current-gen consoles like the PlayStation 5, is that their price has never been stable. First, it was the chip shortage. Now that scalping seems to be less common, other woes are at play, causing Sony to raise the price of its console in some markets.

Sony has announced that the PlayStation 5 will see a major price increase in a handful of markets. Most notably, the price hike will impact Europe, the United Kingdom, Canada, China, Australia, Mexico, and the company’s home market of Japan. Across these markets, both the Digital Edition and the version with a disc drive are going up between 5% to 12.5% in price.

The reasoning behind that decision? Sony says that high global inflation rates, adverse currency trends, and, in general, increasingly challenging economic circumstances forced it to bump prices up.

It also seems to be alone in this decision, at least for now. Both Microsoft and Nintendo, its main competitors, reassured customers that their prices wouldn’t go up in the hours following the news. Microsoft said to Windows Central that “our…

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