Connect with us

Hi, what are you looking for?

Tech News

The 3 reasons why Sony raised the price of the PlayStation 5

The 3 reasons why Sony raised the price of the PlayStation 5

PlayStation 5 logo. (Photo: REUTERS/Issei Kato)

Sony has announced a price increase for its console Playstation 5 (PS5) in several countries in Europe, Latin America, Canada, Africa, the Middle East and Asia-Pacific.

The price increase will not affect the United States while in some countries such as Mexico, will increase by about 1,000 pesos (USD$50). On the other hand, in Spain for example, it will mean an increase of 10%, which is equivalent to 50 euros (USD$ 50).

Advertisement. Scroll to continue reading.

An official statement issued by the Chairman and CEO of Sony Interactive Entertainment, JimRyan, stressed that the price increase was “necessary” given its impact on Sony Interactive Entertainment’s business.

He also said the company’s “top priority” goal is “improve PS5 supply situation so that as many gamers as possible can experience all that PS5 has to offer and what is to come.”

So the reasons why the decision was made were first because of the “high rates of world inflation; second, by adverse trends of different currencies that impact consumers and create pressure in many industries”, explains the company. And third, the shortage of consoles.

Advertisement. Scroll to continue reading.

There are not enough consoles today for all the demand

The supply of video game console is one of the main problems facing next-gen console manufacturers, like Sony with PlayStation 5 or microsoft with xbox series x Y Xbox Series S.

The roots are in the “Shortage of chipslogistical problems and bots that exploit the imbalance between supply and demand”, Alla Valente, a technology analyst at Forrester, explained to CNN BUSDiness in December 2021.

That makes it difficult to access the new generation console, a complicated task due to the limited supply and also a lot of speculation in the second-hand market.

Advertisement. Scroll to continue reading.
Xbox One and PlayStation 5, affected by the shortage of chips.  (photo: CNN)
Xbox One and PlayStation 5, affected by the shortage of chips. (photo: CNN)

The new prices of the PlayStation 5 by countries and regions

Europe

– PS5 with Ultra HD Blu-ray Disc Reader – €549.99 ($547)

– PS5 Digital Edition – €449.99 (USD$448)

Advertisement. Scroll to continue reading.

United Kingdom

– PS5 with Ultra HD Blu-ray Disc Reader – £479.99 ($566)

– PS5 Digital Edition – £389.99 (USD$460)

Advertisement. Scroll to continue reading.

Japan (as of September 15, 2022)

– PS5 with Ultra HD Blu-ray Disc Reader – ¥60,478 yen ($442)

– PS5 Digital Edition – ¥49,478 yen (USD$361)

Advertisement. Scroll to continue reading.

China

– PS5 with Ultra HD Blu-ray Disc Reader – ¥4,299 yuan ($627)

– PS5 Digital Edition – ¥3,499 yuan (US$510)

Advertisement. Scroll to continue reading.

Australia

– PS5 with Ultra HD Blu-ray Disc Reader – AUD$799.95 (USD$556)

– PS5 Digital Edition – AUD$649.95 (USD$452)

Advertisement. Scroll to continue reading.

Mexico

– PS5 with Ultra HD Blu-ray Disc Reader – MXN $14,999 (USD $753)

– PS5 Digital Edition – MXN$12,499 (USD$628)

Advertisement. Scroll to continue reading.

Canada

– PS5 with Ultra HD Blu-ray Disc Reader – CAD$649.99 (USD$502)

– PS5 Digital Edition – CAD$519.99 (USD$401)

Advertisement. Scroll to continue reading.

While not all countries, Sony notes that other markets in Europe, Latin America, the Middle East, Africa and Asia-Pacific may also be affected by price increases and recommends checking with local dealers.

PS3 and PS Vita titles that will no longer be playable on any Sony console

The titles affected are Chrono Cross, Chrono Trigger and Final Fantasy VI, Rune Factory Oceans, Super Street Fighter VI: Arcade Edition Y Gex: Enter the Gecko.

The problem owners face these PS3 and PS Vita games is that the consoles now show them as “outdated”. This, of course, no longer allows the user to access them.

Advertisement. Scroll to continue reading.

Advertisement. Scroll to continue reading.
Advertisement
Advertisement

Related

Meta Accounts Center is the option to link Facebook and Instagram profiles, how to use it

Tech News

Meta Account Center (Meta) Meta has the objective of integrating the profiles of the users of its social networks What Facebook and Instagramwhich is...

The Galaxy Tab S8 FE has surfaced The Galaxy Tab S8 FE has surfaced

Android

In May of last year, Samsung introduced the FE member of the Galaxy Tab S7 family, which was intended as a simpler, but still...

This is how WhatsApp communities work, the renewal of groups This is how WhatsApp communities work, the renewal of groups

Tech News

WhatsApp implements a new feature called Communities. (photo The National) Since Goal said he would implement this new feature in his instant messaging applicationnothing...

Imagem de: Wolverine: diretor de Logan comenta retorno de Hugh Jackman como mutante Imagem de: Wolverine: diretor de Logan comenta retorno de Hugh Jackman como mutante

Entertainment

The Witcher: Inceptionspin-off of the series The Witcher, was planned to have six episodes, but recent strategies have resulted in the production having only...

Advertisement

You May Also Like

Android

The Cubot P60 received its world premiere, and instead of the brutalist style of so many small Asian brands, which are often showing off...

Entertainment

Believe it or not, I just went to watch Kaisen Jujutsu for a very short time. I know, I’m a little late to the...

Entertainment

The reasons that led Jennifer Aniston to distance herself from Brad Pitt after her approach (Photo by Alberto E. Rodriguez/WireImage) Jennifer Aniston is living...

Mobiles

Apple launched its new line of iPhones last week, with prices reaching R$ 15,499 in Brazil in the most advanced versions. According to XP...

Advertisement