Potential PS5 buyers in Europe, the UK, Australia, and other regions will now face a significant price hike, with costs increasing by up to 100 AUD, EUR, and other local currencies for the coveted console. Sony has officially announced these price adjustments, attributing the changes to a challenging economic landscape characterized by high inflation and fluctuating exchange rates. This marks the second price increase for the PS5 since the company last raised prices in 2022.
In Europe, only the PS5 Digital Edition will see a price adjustment, rising from €450 ($513) to €500 ($570). Similarly, in the UK, the price of the Digital Edition is set to increase from £390 ($514) to £430 ($567). This shift reflects Sony's response to ongoing economic pressures, making the next-generation console less accessible to potential customers.
For gamers in Australia, the situation is similar, as the Digital Edition of the PS5 will now cost AUD $750 (USD $475), up from AUD $650 (USD $412). Meanwhile, in New Zealand, the price of the PS5 with a disc drive will now stand at NZD $950 (USD $558), an increase from the previous price of NZD $900. These price hikes are effective immediately, so those looking to purchase a new PS5 should have acted quickly over the weekend.
In a contrasting move, Sony has decided to lower the prices for the add-on disc drive. In Europe, buyers will now pay €80, down from €120, while in the UK, the price has been reduced to £70 from £100. This decision may provide some relief to customers who wish to enhance their gaming experience without committing to a full console purchase.
As Sony adjusts the pricing structure of the PS5, potential buyers must navigate these new costs and consider their options carefully. The price increases reflect broader economic challenges, making it essential for consumers to stay informed about market trends and pricing.
