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International Business Times UK
International Business Times UK
Vinay Patel

Sony Announces PS5 Price Hikes in UK, Europe, Australia and New Zealand—Is the US Next?

Sony's raising PS5 prices in the UK, Europe, Australia, and New Zealand, blaming economic difficulties.US gamers now wonder if they'll see similar increases. (Credit: X / Everything Georgia @GAFollowers)

Gamers worldwide will be feeling the pinch as Sony reveals price increases for the PlayStation 5 in key markets. The news has sparked concern, especially in the US, where players are now wondering if they'll be next to face a steeper cost for their console.

Sony announced that the price tag on certain PlayStation 5 systems will be higher in the UK and other nations, attributing it to a 'challenging economic environment.' The company revealed that starting 14 April, the PS5 Digital Edition—the console without a disc drive—will see a price jump from £390 to £430.

Global Price Surge: Sony's PS5 Cost Increases

In a blog post where they confirmed the higher prices, Sony explained that the 'tough decision' resulted from a 'backdrop of a challenging economic environment, including high inflation and fluctuating exchange rates.'

The price increase comes after US President Donald Trump implemented tariffs on various countries, leading to substantial disturbances in worldwide manufacturing supply chains. Although Trump recently paused some tariffs, the situation remains unclear for exporters.

Over the weekend, the administration announced a temporary delay on electronics import tariffs—affecting items like smartphones and laptops—as it works on a semiconductor tariff strategy.

UK And Europe Feel The Pinch

Along with the UK, Sony also stated that PS5 prices would go up in Europe, Australia, and New Zealand. In Europe, the PS5 Digital Edition's price has changed from £385.92 (449 euros) to £428.90 (499 euros).

Sony clarified that the cost of the standard PlayStation 5, the 2020 model with a Blu-ray drive, and the PS5 Pro launched last year will stay the same in Europe and the UK.

The implementation of the Trump administration's tariffs has caused a substantial ripple effect across global supply chains, leading to higher costs for items such as the PS5, even though Sony is based in Japan.

Electronics Exemption And Reversal

There's still some vagueness surrounding how the tariffs will be implemented. On Friday, US Customs and Border Protection quietly stated that iPhones, laptops, and other electronics would not be subject to the 12.5% tax on Chinese imports or the 10% global tariff, per News On Air.

However, on 13 April, the Trump administration reversed this, clarifying that electronics would be subject to other tariffs. In a Truth Social post that day, the President confirmed there would be no exceptions.

He posted: 'NOBODY is getting "off the hook" for the unfair Trade Balances, and Non-Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst!'

Trump added: 'There was no Tariff "exception" announced on Friday, These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff "bucket."'

The President stated that his administration would examine the 'whole electronics supply chain' in their 'upcoming National Security Tariff Investigations.'

US Gamers On Alert: Will Prices Rise Stateside?

With global markets reacting to Sony's price adjustments, the question remains: will the US follow suit? While Sony hasn't announced any immediate changes for American consumers, the fluctuating economic landscape and the complexities of international trade create an uncertain future.

Gamers in the US are now left in a state of watchful anticipation, wondering if their wallets will soon feel the impact of these worldwide price hikes. The coming months will be crucial in determining whether the cost of the PS5 remains stable or if American players will also face a steeper price tag.

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