Sony raises the price of PS5 models citing ‘challenging economic environment’ - including Trump’s tariffs
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Latest PS5 news is not great for gamers
- Sony has announced a $50 price increase for all PlayStation 5 models sold in the United States, effective from 21 August.
- The company cited mounting financial pressure from newly imposed tariffs under the Trump administration as the reason for the "difficult decision".
- Under the revised pricing, the standard PS5 will now retail for 549.99, the Digital Edition for $499.99 and the PS5 Pro for $749.99.
- Trump's tariffs, which came into effect on 1 August, impose up to 25 per cent duties on Japanese electronics, costing Sony an estimated $685 million annually.
- Sony has diversified its supply chain by moving US-bound console manufacturing outside China, aligning with competitors like Microsoft and Nintendo who have also raised prices due to tariffs.