Sony Raises PlayStation 5 Prices $50 Across US Consoles

Sony Interactive Entertainment has announced a $50 price increase for all PlayStation 5 console models in the United States, effective August 21, citing a challenging economic environment influenced by tariffs on imported goods, including a recent 15% tariff on products from Japan. The standard PlayStation 5 will rise to $549.99, the Digital Edition to $499.99, and the PS5 Pro to $749.99, while prices for accessories will remain unchanged. This marks the first U.S. price increase since the console's launch, following earlier hikes in the UK, Europe, Australia, and New Zealand due to similar economic pressures. Industry observers note that the price adjustments align with broader trends, as competitors Microsoft and Nintendo have also raised prices on gaming hardware and accessories amid concerns over tariffs imposed by the Trump administration. The Entertainment Software Association has expressed concerns that tariffs could harm the video game industry's economic contributions and the affordability of gaming for Americans. Sony’s decision reflects ongoing challenges in the global supply chain and economic conditions impacting the gaming sector.