Sony Considers Price Hike for PS5 and PS5 Pro Consoles in Europe Amid Component Shortage
Sony is reportedly considering raising the prices of its PS5 and PS5 Pro consoles in Europe. According to recent reports, there could be a €100 price increase for both models, bringing the total cost to €900. This potential price hike follows a previous increase of €50 in April of last year, making it the second hike in two years. The PS Portal handheld device may also see a price jump.
The speculated new pricing for the PS5 and PS5 Pro is as follows: If these reports are accurate, the price hikes are likely a response to the ongoing component shortage affecting the video game industry. Companies like Sony, Nintendo, and Microsoft are facing challenges due to the scarcity of essential parts, leading to increased manufacturing costs.
Sony has strategically positioned its PlayStation 5 consoles to be profitable, with various design revisions aimed at reducing shipping expenses. The company's decision to potentially raise prices reflects the current market conditions and the need to navigate the challenges posed by the component shortage.