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Sony Raises Price of PlayStation 5 in U.S.

posted on by Anita Tai
Price changes go into effect on Thursday

playstation5
Image via Sony Interactive Entertainment
Sony Interactive Entertainment (SIE) announced on its PlayStation Blog on Wednesday it will raise the suggested retail price of its PlayStation 5 consoles in the U.S. beginning on Thursday due to "a challenging economic environment."

SIE will raise the price of the PS5 from US$499.99 to US$549.99, the PS5 Digital Edition from US$449.99 to US$499.99, and the PS5 Pro from US$699.99 to US$749.99.

The company is not currently changing the price for PS5 accessories.

Sony Interactive Entertainment (SIE) raised the price of some PS5 consoles in "select markets" in Europe, the Middle East, Africa, Australia, and New Zealand earlier this year in April. The price of the PS5 Pro in these regions has not changed.

SIE increased the suggested retail price of the PS5 console and its related peripherals in Japan in September 2024. The company cited severe external conditions, including recent changes in the global economic situation, as the reason for the price changes.

The company announced earlier this month it had shipped 80.3 million units of the PlayStation 5 console in its consolidated financial results for the fiscal year's first quarter that ended on June 30. The company shipped 2.5 million PlayStation 5 units between April 1-June 30.

The PS5 console surpassed 50 million in sales in December 2023.

As of July 2021, Sony had sold over 10 million units of the PS5 worldwide since its launch, making the PS5 Sony's fastest-selling console. Sony had sold over 20 million units of the PS5 worldwide as of June 2022. The PS5 had crossed 30 million units in sales in January 2023, and then crossed the 40 million mark in July 2023.

The PS5 launched in the United States, Japan, Canada, Mexico, Australia, New Zealand, and South Korea on November 12, 2020. The console launched in most of the rest of the world on November 19, 2020. The PS5 retailed for US$499.99, and the PS5 Digital Edition (which does not include an optical disc drive) retailed for US$399.99. The PS5 got a new, smaller model intended to replace the old model throughout November to early December in 2023 in various territories.

The PlayStation 5 Pro console shipped last November. The PS5 Pro features PlayStation Spectral Super Resolution, 120 FPS, advanced ray tracing, 2TB of SSD storage, upgraded GPU with "28% faster memory", and AI-driven upscaling to improve image clarity.

Source: Official U.S. PlayStation Blog (Isabelle Tomatis)


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