Published by Global Banking & Finance Review®
Posted on August 20, 2025
2 min readLast updated: January 22, 2026
Add as preferred source on GoogleSony raises PlayStation 5 prices in the US by $50 due to tariff concerns, affecting gaming market growth. No changes in other regions.
(Reuters) -Sony will raise prices of its PlayStation 5 consoles in the United States by around $50 from Thursday, as the Japanese conglomerate navigates a slow recovery in the videogame market while U.S. tariffs threaten to raise costs.
All three PlayStation 5 consoles will see a similar price hike, with the most expensive PS5 Pro version expected to cost $749.99, the company said in a blog post on Wednesday.
The price changes come after U.S. President Donald Trump announced sweeping tariffs on imports from global manufacturing hubs such as China and Japan, leading to fears of supply chain disruptions and high material costs.
Sony had raised prices of its consoles in various European markets in April. Rival Xbox also hiked sticker prices of its consoles and accessories in the U.S., Europe, Australia and the UK a month later.
Consoles were expected to be a major driver of videogame market growth this year due to the launch of premium titles such as Take-Two Interactive's "Grand Theft Auto VI" and Nintendo's Switch 2.
But console price hikes and the delay of highly-anticipated "GTA VI" to next year have cast some doubt on the pace of growth in the industry.
On Wednesday, Sony said there are no price changes for other markets and prices of PlayStation 5 accessories remain unchanged.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Leroy Leo)
The most expensive PS5 Pro version is expected to cost $749.99 following the price hike.
Sony is raising prices due to tariff uncertainties and supply chain disruptions stemming from U.S. tariffs on imports.
Sony stated that there are no price changes for other markets, and prices of PlayStation 5 accessories remain unchanged.
The price hikes and the delay of highly-anticipated titles like 'GTA VI' have raised doubts about the pace of growth in the videogame industry.
The price increase for the PlayStation 5 consoles will take effect from Thursday.
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