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Sony has announced that it will be raising the prices of PlayStation 5 consoles, effective as of August 21. This decision comes as a response to the challenging economic environment, likely influenced by President Trump’s tariffs on imported products.
Price Changes
Sony is increasing the prices in the U.S. by about $50, with the PlayStation 5 priced at $549.99, the PlayStation 5 Digital Edition at $499.99, and the PlayStation 5 Pro at $749.99. The company has no plans to adjust prices in other countries or raise the cost of accessories.
Industry Response
Following the news of Trump’s tariffs, Microsoft has also announced price increases on gaming products, while Nintendo has chosen to raise prices on some accessories for the new Nintendo Switch 2 console.
Future Outlook
Sony is adapting to the evolving market conditions, and it remains to be seen how these price adjustments will impact consumer demand for gaming consoles and accessories.
