Sony has raised the price of its PlayStation 5 consoles in several countries, attributing the decision to “challenging” market conditions, including high inflation and fluctuating exchange rates.
Gamers won’t mind I guess.
The digital edition of the PS5 in the UK will now retail for £429.99, an increase of £40, while European gamers will see prices rise by €50, bringing the cost to €499.99. Meanwhile, customers in Australia and New Zealand will also face increased prices for both digital and disc-drive versions of the console.
Sony Interactive Entertainment (SIE) executive Isabelle Tomatis explained the company’s decision in a blog post, citing “economic headwinds” that have forced a global reassessment of pricing strategies.
While the price of the disc edition remains unchanged in the UK, Sony has made a notable concession by reducing the cost of its standalone disc drives—which allow digital console owners to play physical games—from £99.99 to £6969.99.
An Industry analyst Christopher Dring, who writes for The Game Business newsletter, suggests Sony’s strategy may also be influenced by US tariffs and their ripple effects across international markets. “Rather than raise prices in the US—the largest market for gaming consoles—it’s possible that Sony is adjusting prices globally to shield that critical market,” Dring said.
He also noted, “Ultimately, the era when game consoles went down in price over time is certainly over.”
The timing of Sony’s decision coincides with mounting pressure on rival console makers. Nintendo’s upcoming Switch 2 launch, for instance, has already felt the strain of US tariffs, which have complicated global pricing strategies for hardware makers.
