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Sony Interactive Entertainment is raising the price of the popular PlayStation 5 console in select markets amid a challenging global economic environment.
"We’re seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries," Sony Interactive Entertainment CEO Jim Ryan said in a blog post on Thursday. "Based on these challenging economic conditions, SIE has made the difficult decision to increase the recommended retail price (RRP) of PlayStation 5 in select markets across Europe, Middle East, and Africa (EMEA), Asia-Pacific (APAC), Latin America (LATAM), as well as Canada."
According to the video game giant, the majority of the price hikes will take effect immediately. The exception is in Japan, which will take effect on Sept. 15. There will be no price increase in the United States.
The price increases and total cost of the PS5 disc version are:
Europe: 50 euros ($49.75) to 549.99 euros
U.K.: 30 pounds ($35.39) to 479.99 pounds
Australia: 50 Australian dollars ($34.52) to 799.95 Australian dollars
Canada: 20 Canadian dollars ($15.40) to 649.99 Canadian dollars
Mexico: 1,000 pesos ($50.12) to 14,999 pesos
China: 400 yuan ($58.29) to 4,299 yuan
Japan: 5,000 yen ($36.53) to 54,980 yen
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The price increases and total cost for the digital version are:
Europe: 50 euros to 449.99 euros
U.K.: 30 pounds to 389.99 pounds
Australia: 50 Australian dollars to 649.95 Australian dollars
Canada: 20 Canadian dollars to 519.99 Canadian dollars
Mexico: 1,000 pesos to 12,499 pesos
China: 400 yuan to 3,499 yuan
Japan: 5,000 yen to 44,980 yen
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