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).
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.
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.
The new prices of the PlayStation 5 by countries and regions
– PS5 with Ultra HD Blu-ray Disc Reader – €549.99 ($547)
– PS5 Digital Edition – €449.99 (USD$448)
– PS5 with Ultra HD Blu-ray Disc Reader – £479.99 ($566)
– PS5 Digital Edition – £389.99 (USD$460)
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)
– PS5 with Ultra HD Blu-ray Disc Reader – ¥4,299 yuan ($627)
– PS5 Digital Edition – ¥3,499 yuan (US$510)
– PS5 with Ultra HD Blu-ray Disc Reader – AUD$799.95 (USD$556)
– PS5 Digital Edition – AUD$649.95 (USD$452)
– PS5 with Ultra HD Blu-ray Disc Reader – MXN $14,999 (USD $753)
– PS5 Digital Edition – MXN$12,499 (USD$628)
– PS5 with Ultra HD Blu-ray Disc Reader – CAD$649.99 (USD$502)
– PS5 Digital Edition – CAD$519.99 (USD$401)
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.