(Photographer: Kiyoshi Ota/Bloomberg via Getty Images)
Remember when the PlayStation 5 started at $399? Those days feel long gone. Sony has announced a second price hike for the console family, seven months after the first.
In the US, the change can slap on an extra $100 to the PS5 and PS5 digital. However, the PS5 Pro is going up by $150. The new prices take effect on Thursday, April 2.
- PS5: New Price $649 | Current $549 | August 2025 $499
- PS5 Digital: New Price $599 | Current $499 | August 2025 $449
- PS5 Pro: New Price $899 | Current $749 | August 2025 $699
The company is also increasing the PlayStation Portal remote player price from $199 to $249.
The company dropped the bad news today, blaming it on economic conditions. However, Sony kept things vague, making it unclear if the memory shortage is the major culprit, or rising oil prices from the Iran war, or the US’s continued tariffs, although refunds are inbound.
“With continued pressures in the global economic landscape, we’ve made the decision to increase the prices of PS5, PS5 Pro, and PlayStation Portal remote player globally,” the company said. “We know that price changes impact our community, and after careful evaluation, we found this was a necessary step to ensure we can continue delivering innovative, high-quality gaming experiences to players worldwide."
The PS5 launched in late 2020. Usually, aging consoles drop in price, but not this generation. The announcement is another unwelcome sign for the gaming and electronics industry, as the memory shortage has driven up prices and delayed product launches. One leading memory supplier also expects the supply crunch to persist until 2030.
Meanwhile, Microsoft’s rival console, the Xbox Series X/S, faced two price hikes last year. So far, Nintendo has kept the Switch 2’s price at $449 since its initial launch.