PlayStation 5 Gets Price Rise in Japan, Increasing By $90
PlayStation 5 Price Rise in Japan: PS5 Increases by $90
The PlayStation 5 is becoming more expensive in Japan, as announced by Sony on the Japanese PlayStation blog. This price hike is attributed to “the recent challenging external environment, including fluctuations in the global economic situation, and its impact on our business.” With the current state of PlayStation’s finances worldwide, this price adjustment isn’t surprising, but it is a significant increase for the PS5. Regardless of the edition, consumers will now pay an additional $90.
New PlayStation 5 Prices in Japan
Effective September 2, the disc edition of the PlayStation 5 will increase from ¥66,980 ($465) to ¥79,980 ($550). The digital edition will rise from ¥59,980 ($417) to ¥72,980 ($507). This marks a substantial increase in both editions.
Impact on the Console Market
Unlike other consoles, the PlayStation 5 has not seen a price decrease over the years, except during rare temporary sales. This persistent pricing strategy contrasts with more frequent price adjustments seen in competitors like the Xbox Series X|S and Nintendo Switch. The new price hike could further alienate potential buyers in Japan and might not be well-received given the global economic conditions.
Historical Price Trends
Since its launch, the PlayStation 5 has experienced multiple price hikes in Japan. Both the disc and digital editions have seen increases of approximately $210 and $225, respectively. While other countries have not faced such significant price hikes, Japan has seen consistent adjustments. The impact of this latest increase on markets outside Japan remains uncertain.
Price Increases for Accessories
In addition to the console, Sony has confirmed that accessories like the DualSense Wireless Controllers and PlayStation VR2 will also see price increases in Japan starting September 2. It remains to be seen whether these accessory price hikes will extend globally.
