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It’s been a big week for bad news in gaming, and that included Sony announcing yet another price hike for the PlayStation 5, the second increase in less than a year.
When the new PS5 pricing goes into effect on April 2, the base digital edition of the PS5 will have gone up by a whopping $200 since the system arrived in 2020. What’s driving up the price and what does it mean for the industry at large? Here’s a breakdown of what Sony has said and deeper context from expert sources.
Sony’s official word
Sony’s official explanation for the PS5 price hike is that “pressures in the global economic landscape” came together to make it “necessary” to raise prices once more. What the company is saying here is that the so-called “RAMageddon” situation has proven to be so much of an issue that Sony is taking steps to protect its profit margins, and passing along the increased costs to consumers in the form of a price hike.
Circana’s Mat Piscatella told GameSpot that he is “very concerned” about consumers getting squeezed out, at a time when increasingly richer households are already the majority of ones buying new hardware, at least in the US.
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