Sony recently announced that it plans to increase the retail price of the popular PlayStation 5 console across many of its global markets.
The technology giant confirmed that the new price for the PS5 with Ultra HD Blu-ray disc drive will go to £479.99 while the Digital Edition will go to £389.99 - this is up from £449.9 and £359.99 respectively.
Following the announcement, many gamers were concerned that their favourite consoles will increase alongside the PS5. However, both Microsoft and Nintendo have reaffirmed that they will not be increasing the price of the Xbox and Switch. Read more: Jet2 Manchester flight forced to divert after passenger attacks crew 'for no free champagne' Announcing the price hike for the PS5, Sony said: "The global economic environment is a challenge that many of you around the world are no doubt experiencing.
We’re seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries. "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.
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