As of tomorrow, all new PS5s will cost $50 more in the US
Sony on Wednesday announced that it will hike prices of the PlayStation 5 in the US this week.
Almost five years after the console first landed on shelves, PlayStation 5 prices are going up.
Sony on Wednesday announced that it will bump the price of all PS5s by $50 in the US beginning August 21. The high-powered pro version of the console will now top out at $750.
“A challenging economic environment” — corporate-speak for “we don’t want to get political but: tariffs” — are behind the change, according to Sony’s statement.
Sony already boosted PS5 prices in Europe earlier this year, but has been reluctant to do so in the largest console market. When it reported earnings in May, CEO Hiroki Totoki mused about possibly building the console in the US to avoid tariffs. Sony’s rivals have already succumbed to tariff adjustments.
In May, Microsoft hiked Xbox prices by up to $100 in the US. Earlier this month, Nintendo lifted the price of its original Switch console and certain Switch 2 accessories, though it’s held off from bumping up the price of the popular Switch 2 console itself for now.
