Sony sets social media on fire by increasing the price of the PlayStation 5

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Social media is abuzz with the announcement of Sony's new move. Despite being on the market for 2 years , the company has decided to increase the price of its PlayStation 5 worldwide, and this has not pleased users who were unable to buy it at the time and were hoping to get a price reduction over time.


The PlayStation 5 price hike and its relationship to global inflation
According to the company, this is due to latvia phone number data global inflation . “We are seeing high rates of global inflation, as well as adverse currency trends, impacting consumers and creating pressure across many industries ,” explains Jim Ryan , President and CEO of Sony Interactive Entertainment on his blog. “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,” he adds.


The company remained silent when representatives were asked at an event if they would raise the price of their consoles, just like their competitors such as Facebook , who also announced the increase in price for Meta Quest 3. It seems that they had planned this measure.

Sony's main focus remains on improving the distribution of its consoles, due to the problems and complaints that there were on social media due to the lack of supplies. " The priority remains improving the availability of PlayStation 5 so that as many players as possible can experience what PS5 offers and what is to come," they comment on their blog.