PlayStation 5 Consoles Face Another Price Hike, Standard Model Now Costs $649.99 Sony has announced another global price increase for its PlayStation 5 consoles, with the standard model now priced at $649.99. This follows previous hikes and reflects broader industry trends influenced by economic pressures and supply chain challenges. While India has not yet seen a new price adjustment, the PS5 Pro’s launch appears imminent due to recent regulatory changes. Starting April 2, the PlayStation 5 standard disc edition will cost $649.99, up from $549.99. The Digital Edition will rise to $599.99 from $499.99, and the PS5 Pro will climb to $899.99 from $749.99. The PlayStation Portal remote player will also increase by $50, reaching $249.99. Sony cited “continued pressures in the global economic landscape” as the reason for the hikes. This marks the second price increase for the PS5 in under a year. In August, Sony raised US prices by $50 across the board, making the standard PS5 $100 more expensive than it was eight months ago and $150 higher than its November 2020 launch price of $500. The PS5 Pro, which debuted at $699.99 in late 2024, has now surpassed $900 within 18 months. The trend of rising console prices is not limited to Sony. Microsoft raised Xbox console and controller prices in May, while Nintendo increased the original Switch’s price from $299 to $339. These hikes are driven by factors beyond individual companies, including U.S. tariffs, conflicts in Ukraine and Iran, and surging RAM costs. AI data centers have intensified demand for memory, pushing prices higher and affecting consumer hardware. Bloomberg reported that Sony may delay the next-generation PlayStation to 2028 or 2029, signaling the severity of supply chain and economic challenges.#india #playstation_5 #sony #playstation_portal #ps5_pro
