Sony to increase PlayStation 5 prices in Europe
Sony has announced it will raise the price of its PlayStation 5 (PS5) console in several markets, including Europe, Britain, Australia, and New Zealand, due to high inflation and fluctuating exchange rates.
The Japanese technology and entertainment conglomerate is raising the cost of a PS5 without a disc drive by 11% to 499.99 euros ($569.59) from April 14, News.Az reports, citing Reuters.
The price of the same device will rise by 10% in Britain to 429.99 pounds ($566.90).
Manufacturers of electronics are facing headwinds including trade disruption in the wake of the imposition of tariffs by U.S. President Donald Trump.
Nintendo said earlier this month it is delaying the start of pre-orders for the Switch 2 gaming device in the United States as it examines the potential impact of tariffs.
The Switch 2, which Nintendo said last month is priced at $449.99 in the U.S., is the long-anticipated successor to its hit hybrid home-portable Switch and is due to launch on June 5.
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