Sony increases the price of its aging PlayStation 5 console in Japan by 19%.
- The suggested retail price for the PlayStation 5, as announced by Sony, is 79,980 yen ($553), which represents a 19% increase from the previous price.
- The hike will take effect from Sept. 2.
- The global economy's fluctuations were cited by Sony as the reason for the price increase.
- This year, analysts predict that a "Pro" version of the PS5 will be announced, which could potentially rejuvenate sales among investors.
Sony announced a price increase for its PlayStation 5 console, despite it being in its fourth year of availability.
The Japanese gaming giant has increased its suggested retail price for the PS5 to 79,980 yen ($553), which is a 19% increase from the previous price. The change will take effect from Sept. 2.
The global economy's fluctuations were cited by Sony as the reason for the price increase.
Despite a decline in unit sales of the PS5 in the June quarter, Sony's gaming division experienced a year-on-year increase in profit and revenue, as existing players continue to purchase games and other services for the device.
This year, analysts predict that a "Pro" version of the PS5 will be announced, which could potentially rejuvenate sales among investors.
On Tuesday, Zee Entertainment and Sony announced the resolution of their legal dispute regarding the failed $10 billion merger of their Indian divisions.
Sony shares closed 2.8% higher in Tokyo.
Technology
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