Sony hikes PlayStation 5 s prices in major regions like UK and Japan blames current economic difficulties including inflation × Follow Us Create Notifications New User posted their first comment this is comment text Link Approve Reject & ban Delete Log in Manage your profile Editing Story Queue Video Queue Editing Stats Writer Home SEO Redirection Admin Gaming Wiki Edits Taxonomy Home Edit Site Menu Mapping Dashboard Tag Pages Community Social Feed Queue Feed Center Notification Center Affiliate Home Manage Pages Bottom Tagline Dash Timeless Stories Logout Gaming Tech News Sony hikes PlayStation 5 s prices in major regions like UK and Japan blames current economic difficulties including inflation By Arka "Biasedguy" Sarkar Modified 25 Aug 2022 Follow Us Comment Share The PlayStation 5 has been the next-generation flag bearer for Sony (Image via Sony) For those looking to buy PlayStation 5, there is some really bad news as far as new purchases are concerned. Earlier in the day, Sony informed that they are hiking the price of their next-generation consoles in some regions of the world, like the UK, and Japan. They have blamed the changing global economic scenario as the main reason for this change. The PlayStation 5 has heated the next-generation war between Sony and Microsoft. As good as the console is, there has been a severe supply gap due to the semiconductor chip shortage. While Xbox has bypassed this with its dual-SKU strategy, things haven't gone so smoothly for Sony. Nibel@NibellionSony is increasing the price of the PS5 in select markets due to the "global economic environment"blog.playstation.com/2022/08/25/ps5…1463344Sony is increasing the price of the PS5 in select markets due to the "global economic environment"blog.playstation.com/2022/08/25/ps5… https://t.co/SJsmpkknJj With the recent changes, Sony has informed the nations where they're bringing the difference and what the new prices will be. Inevitably, fans won't be happy irrespective of their reasons. The fallout of the current global crisis is epitomized by this change as Sony has included large markets in its price hike. PlayStation 5 s prices rise in select markets global economic crisis cited Earlier on August 25, Sony officially announced the decision on their official blog. Addressing the public, CEO Jim Ryan informed the public why they're being forced to make this decision. "The global economic environment is a challenge that many of you around the world are no doubt experiencing. We're seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries." He further went on to list the regions where the pricing has been increased: "Based on these challenging economic conditions, SIE has made the difficult decision to increase the recommended retail price (RRP) of PlayStation 5 in select markets across Europe, Middle East, and Africa (EMEA), Asia-Pacific (APAC), Latin America (LATAM), as well as Canada. There will be no price increase in the United States." Here's the complete list of the updated prices for the PlayStation 5 based on different regions: Europe PS5 with Ultra HD Blu-ray disc drive – €549.99PS5 Digital Edition – €449.99 UK PS5 with Ultra HD Blu-ray disc drive – £479.99PS5 Digital Edition – £389.99 Japan (effective September 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 yuanPS5 Digital Edition – ¥3,499 yuan Australia PS5 with Ultra HD Blu-ray disc drive – AUD $799.95PS5 Digital Edition – AUD $649.95 Mexico PS5 with Ultra HD Blu-ray disc drive – MXN $14,999PS5 Digital Edition – MXN $12,499 Canada PS5 with Ultra HD Blu-ray disc drive – CAD $649.99PS5 Digital Edition – CAD $519.99 Idle Sloth@IdleSloth84(Sky News) Sony Playstation is being sued for £5 billion in the UK with amid claims of 'ripping off' nine million peopleConsumers have been overcharged for their digital gaming purchases by as much as £5bn over the last six years.news.sky.com/story/sony-pla…1049181(Sky News) Sony Playstation is being sued for £5 billion in the UK with amid claims of 'ripping off' nine million peopleConsumers have been overcharged for their digital gaming purchases by as much as £5bn over the last six years.news.sky.com/story/sony-pla… https://t.co/IVLXkvRBk0 As a footnote, Ryan has acknowledged that they also understand the need to increase supply. Despite the early promise, the slow roll-out has resulted in many fans facing issues in getting their hands on the PlayStation 5. The recent decision is sure to enrage many, and it follows a recent incident of the company getting sued for £5 billion in the UK on charges of consumer exploitation. Poll : 0 votes Quick Links More from Sportskeeda Edited by Abu Amjad Khan × Feedback Thank You! Be the first one to comment Follow Us Share Show More Comments GIF Comment in moderation 0 0 Reply x Edit Delete Delete the comment? No thanks Delete GIF Cancel Update GIF Cancel Reply ❮ ❯ GIF Comment in moderation 0 0 Reply x Edit Delete Delete the comment? 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