Even More PS5 Price Increases Being Considered by Sony
Sony has confirmed it is considering more PS5 console price increases and moving manufacturing of the system to the USA, as a result of tariffs implemented by president Donald Trump.
As part of its financial forecast for the coming fiscal year, Sony said it expects roughly 100 billion yen (~$680 million) in tariffs. To compensate, Sony CFO Lin Tao said that the company is considering “passing on” the impact those tariffs will have on its bottom line to the consumer. This is a consideration across the firm’s entire line of products, and isn’t limited to just the PS5.
Elsewhere, Sony CEO Hiroki Totoki said moving the manufacturing of PS5 consoles to the USA is a possibility. He said the system “can be produced locally”, and it would be an “efficient strategy” to get around the brunt of Trump’s tariffs.
Rather than the traditional price drops of past generations, the PS5 and Xbox Series X|S have instead seen their costs rise since 2020. Not even the first price increase of the last five years, the PS5 went up in cost last month across the UK, Europe, and Australia. The base PS5 Digital Edition went up by £40 in the UK and €50 in Europe. Sony has also hiked the price of its PS Plus subscription service in various territories over the past month.
Earlier today, Sony announced it has sold 77.7 million PS5 consoles since its launch in 2020, with 18.5 million units purchased in the last fiscal year, ending 31st March 2025. It’s slightly behind PS4 when launch aligned, but software sales are on the up, and it expects first-party sales to increase.
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