Sony announced Wednesday that it will raise the price of PlayStation 5 consoles starting Thursday, August 21.
The company cited a “challenging economic environment,” widely seen as a reference to President Trump’s tariffs on imports. As a result, prices will rise by about $50 in the U.S., bringing the PlayStation 5 to $549.99, the Digital Edition to $499.99, and the PS5 Pro to $749.99. The move follows the White House’s July 31 announcement of a 15% tariff on goods from Japan.
No Price Hikes Outside the U.S., But Earlier Increases Abroad
Sony added that it has no plans to increase prices in other countries or on accessories. However, earlier in April, it had already raised console prices in Europe, Australia, and New Zealand for similar reasons.
In 2022, Sony raised console prices in certain regions due to inflation, though the U.S. was unaffected at the time.
Other major gaming companies have also adjusted pricing in response to Trump’s tariffs. Microsoft announced in May that it would raise console prices by $80–$100, along with higher prices for select games, controllers, and accessories.
Nintendo, meanwhile, opted to increase prices only on certain accessories for the upcoming Nintendo Switch 2, leaving the console’s cost unchanged.
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