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If you've been planning to buy Sony's PlayStation 5, expect to pay a bit more. “Similar to many global businesses, we continue to navigate a challenging economic environment,” the tech company wrote in a company blog post Wednesday (Aug. 20).
Sony will raise the price of PlayStation 5 consoles, the company announced on Wednesday. These changes will be effective as of Thursday, August 21.
The Japanese gaming titan announced Wednesday that PS5 prices will jump to $550 from $500 starting Aug. 21.
Over the course of video game history, more often than not the most expensive time to buy a system is when it first comes out. Early adopters pay a premium.
Sony said on Wednesday that PlayStation 5 game consoles will cost more in the U.S. starting this week. While Sony didn't blame President Donald Trump's tariffs for the coming increase, consumer companies have been warning for months that the levies will lead to higher prices.
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.
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Sony posts strong fiscal Q1 2025 gains led by gaming and sensors, while a planned financial unit spin-off reshapes future reporting.
Sony Group Corporation (NYSE:SONY ) Q1 2026 Earnings Conference Call August 7, 2025 3:00 AM ET Company Participants Lin Tao - CFO & Corporate Executive Officer Naoya Horii - Corporate Participant Sadahiko Hayakawa - Senior Vice President, In change of Finance and IR Toshihide Endo - Corporate Executive Officer, President, CEO & Representative Director Conference Call Participants Junya Ayada - JPMorgan Chase & Co, Research Division Minami Munakata - Unidentified Company Ryosuke Katsura - SMBC Nikko Securities Inc., Research Division Yasuo Nakane - Mizuho Securities Co., Ltd., Research Division Yu Okazaki - Nomura Securities Co. Ltd.
PlayStation-maker Sony raised its annual profit forecasts on Thursday, citing strong performance in its key gaming business and a smaller-than-expected negative impact of US trade tariffs.