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Starting Aug. 21, the PlayStation 5 is going to cost more for everyone in the US. All versions of Sony's consoles will see price increases of $50, so act quickly if you’ve been eyeing an upgrade.
This means the standard PS5 will now cost $549.99, the digital edition will cost $499.99, and the PS5 Pro jumps up to $749.99. The PS5 Pro was already the most expensive Sony console ever released at its launch price of $699.99.
Sony confirmed it won't be increasing the prices of any of its accessories at this time.
The price changes are for the recommended retail price supplied by Sony to retailers across the US. So, we may not see all retailers change prices immediately, but it will soon become the new norm across all channels selling the console.
It also means we're unlikely to see any price drops on PS5 hardware for the foreseeable future. A PlayStation 6 isn't expected until 2027 or 2028.
Sony says the price change decision was made as it continues “to navigate a challenging economic environment.” The brand already raised prices in many other markets, but it took a while longer for it to do so in the US.
Microsoft raised the price of Xbox consoles at the start of May, which saw an Xbox Series X go up $100 almost overnight. Nintendo has yet to change the price of its Switch 2, but it has increased prices on its original Switch, an unprecedented move for an aging console.
Although Sony’s statement didn’t directly mention tariffs, they are likely at least part of the reason for the price changes. Tariffs are currently in place on countries where the PS5 is produced, including China, Malaysia, and Vietnam. There's also an ongoing 15% tariff on all goods shipped to the US from Sony's home market of Japan.