Sony to hike PlayStation 5 prices again as memory chip costs surge
Sony hikes PS5 prices globally by up to $100 amid chip cost surge, raising concerns over slowing console demand
In the key October-December holiday quarter, sales of Sony's PlayStation 5 fell 16% from a year earlier to 8 million units. (Image: Sony) Sony Group is raising global prices of its PlayStation 5 consoles, including a $100 increase in the U.S., marking its second hike in less than a year as the Japanese firm grapples with rising costs of key components such as memory chips.
The tech industry’s race to build out artificial intelligence infrastructure has pushed memory makers to favor higher-margin data-center chips, tightening supply for consumer devices.
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The updated U.S. prices, effective April 2, will put the standard PS5 at $649.99, up from $549.99. The Digital Edition will now cost $599.99 while the high-end PS5 Pro will cost $899.99.
Prices of the PlayStation Portal remote player will also climb to $249.99 from $199.99.
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