PlayStation hikes prices after Xbox — inflation or just peer pressure? Here’s what each model will now cost.
The price of each PlayStation 5 console has increased by $50 at every price point, currently set at $500, $450, and $700 respectively. Sony clarifies that at present, they are not raising the prices of any accessories. It’s essential to remember that in April, Sony already boosted the cost of all PlayStation 5 DualSense controllers.
It is worth mentioning that this is the first price hike for the system in the U.S. this year, but the PlayStation 5’s cost has previously gone up outside the U.S., with Sony raising prices for certain models in Australia, Europe, the U.K, and New Zealand in April.
This increase follows Microsoft’s move to raise prices on its consoles and accessories in May, causing a $599 price tag for a standard Xbox Series X.
Unlike this, Nintendo has not yet increased the price of the brand-new Nintendo Switch 2 console, but they have raised the prices of accessories and the original Nintendo Switch, which was launched way back in 2017.