Sony to raise PlayStation 5 prices in the U.S. amid tariff uncertainty
All three PlayStation 5 consoles will see a similar price hike, with the most expensive PS5 Pro version expected to cost $749.99, the company said in a blog post on Wednesday.
The price changes come after U.S. President Donald Trump announced sweeping tariffs on imports from global manufacturing hubs such as China and Japan, leading to fears of supply chain disruptions and high material costs.
Sony had raised prices of its consoles in various European markets in April. Rival Xbox also hiked sticker prices of its consoles and accessories in the U.S., Europe, Australia and the UK a month later.
Consoles were expected to be a major driver of videogame market growth this year due to the launch of premium titles such as Take-Two Interactive's 'Grand Theft Auto VI' and Nintendo's Switch 2.
But console price hikes and the delay of highly-anticipated 'GTA VI' to next year have cast some doubt on the pace of growth in the industry.
On Wednesday, Sony said there are no price changes for other markets and prices of PlayStation 5 accessories remain unchanged.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
TSX futures dip as caution builds ahead of Jackson Hole meet
(Reuters) -Futures tracking Canada's main stock index edged down on Thursday, mirroring Wall Street's moves, as investors avoided risk ahead of the U.S. Federal Reserve's three-day Jackson Hole symposium. The futures on the S&P/TSX index fell 0.09% by 05:33 a.m. ET (0933 GMT), while futures linked to Wall Street's benchmark S&P 500 also slipped 0.09%. The annual Fed conference begins later on Thursday and will host central bankers from around the world; investors will watch Fed Chair Jerome Powell's speech on Friday for clues to upcoming monetary policy moves. A deteriorating labor market and President Donald Trump's efforts to shake up Fed leadership have raised expectations for U.S. policy easing. Gold prices slipped as traders awaited Powell's remarks. Copper prices also slipped alongside other base metals. [GOL/] [MET/L] Oil prices rose due to signs of strong demand in the United States and uncertainty over efforts to end the war in Ukraine. [O/R] Meanwhile, domestic investors will parse July producer price data due at 8:30 a.m. ET. The release follows a softer inflation report earlier this week, which bolstered expectations that the Bank of Canada will resume its rate-cutting cycle. The Canadian central bank has kept the benchmark rate unchanged at 2.75% since March. Traders see at least one rate cut later this year. U.S. business activity data is also due on the day. In corporate news, Corby Spirit and Wine reported an 8% growth in fourth-quarter revenue. On Wednesday, gains in commodity-linked stocks helped the S&P/TSX composite index end slightly higher, countering losses in technology shares. FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report [.TO] Canadian dollar and bonds report [CAD/] [CA/] Reuters global stocks poll for Canada Canadian markets directory ($1 = 1.3880 Canadian dollars)
Yahoo
12 minutes ago
- Yahoo
5 Stocks To Provide Stable Income Amid Trump's Trade Policies, According to Experts
Investors don't like uncertainty, and President Donald Trump has provided plenty of it in the first year of his second term. Reciprocal tariffs, delays and alliances are some of the many events that have become common in this entertaining soap opera. Some investors like the volatility. People who bought the April dip were greatly rewarded, but other investors prefer stability. This group of investors is willing to sacrifice high long-term gains for less risk and more certainty. They want stable cash flow and low volatility in their portfolios, and this desire tends to pick up momentum for anyone who is approaching retirement. Check Out: Read More: Luckily, some of the top experts have tipped investors off on promising stocks to buy amid Trump's trade policies. These are some of the stocks that the experts have been recommending lately. Duke Energy (DUK) The energy industry has plenty of high-yield stocks that have built-in tariff resistance. Alex Tsepaev, chief strategy officer at B2PRIME Group, explains why Duke Energy can help investors who don't want to deal with tariff drama. 'This is a pure-play U.S. utility, because nearly all of its revenue comes from regulated electricity and U.S. domestic gas service,' Tsepaev said. 'The most inspiring thing is that it has paid dividends for almost a century (98 straight years), and trades with a beta far below the market. So, when tariff tensions amplify, your power bill literally doesn't change.' Try This: BP PLC (BP) Vince Stanzione, a self-made multimillionaire with over 37 years of experience in business, investing and trading, mentions another energy stock that investors may want to keep on their radars: BP. Even though it hasn't performed well in recent years, a change in leadership may lead to meaningful gains on top of a high yield. 'BP is a global energy company that, in recent years, has been a poor performer due to weak management and pivoting away from the core oil and gas business to renewables, which has been a poor move,' Stanzione explains. 'Fortunately, BP is now going back to its core business, has a new CEO, and the stock is up around 16% so far this year, and pays a dividend yield of around 6% — which has room to move higher. The stock is on a P/E of around 12.' AngloGold Ashanti PLC (AU) Tariffs can lead to higher prices, but that's not bad news for every asset. Gold is a valuable inflation hedge that can rise due to tariffs and uncertainty. Stanzione makes the case for a gold mining stock that may outperform the S&P 500 if tariffs heat up. 'Anglogold is one of the world's largest gold miners and is having a great year, up over 130% so far this year, thanks to higher gold prices,' he noted. 'The company pays around 4% a year dividend, but this can also be increased. Forward P/E is 9, so it is also a fairly low valuation.' Verizon (VZ) Tsepaev also pinpointed Verizon as another compelling opportunity that has almost all of its revenue shielded from tariffs. 'Verizon yields over 6% and has raised its dividend for 18 years straight. More than 90% of its revenue is domestic wireless and broadband, which can't be affected by tariffs,' he said. 'With a payout ratio of over 65% of free cash flow, the dividend looks well covered, while we could see double-digit growth on the stock itself.' Pepsi (PEP) Tsepaev's last recommendation is Pepsi stock for its high yield and durability. He mentioned that even if exporters lose traction, Americans will still turn on the lights, pay their phone bills and buy soda. Here's his analysis of Pepsi stock. 'Nearly half of its sellers are U.S.-based, and, historically, staples have been pushing through tariff costs without much hit to volumes,' according to Tsepaev. 'Pepsi has raised its dividend for 53 consecutive years and currently yields 3.8%. When the world faces policy shocks, that kind of track record matters.' Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates 5 Ways Trump Signing the GENIUS Act Could Impact Retirees7 Luxury SUVs That Will Become Affordable in 2025 This article originally appeared on 5 Stocks To Provide Stable Income Amid Trump's Trade Policies, According to Experts Sign in to access your portfolio
Yahoo
12 minutes ago
- Yahoo
Duluth Holdings Inc. to Report Second Quarter 2025 Financial Results on September 4, 2025
MOUNT HOREB, Wis., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) ('Duluth Trading') (NASDAQ: DLTH), a lifestyle brand of men's and women's casual wear, workwear and accessories, today announced that it will report second quarter 2025 financial results before market on Thursday, September 4, 2025. A conference call and audio webcast with analysts and investors will be held on Thursday, September 4, 2025, at 9:30am Eastern Time to discuss the results and answer questions. Live conference call: 1-844-875-6915 (domestic) or 1-412-317-6711 (international)Conference call replay available through September 10, 2025: 1-877-344-7529 (domestic) or 1-412-317-0088 (international) Replay access code: 1218574 Live and archived webcast: To expedite entry into the call and avoid waiting for a live operator, investors may pre-register at and enter their contact information. Investors will then be issued a personalized phone number and pin to dial into the live conference call. About Duluth Trading Duluth Trading is a growing lifestyle brand for the Modern, Self-Reliant American. Based in Mount Horeb, Wisconsin, we offer high quality, solution-based casual wear, workwear and accessories for men and women who lead a hands-on lifestyle and who value a job well-done. We provide our customers with an engaging and entertaining experience. Our marketing incorporates humor and storytelling that conveys the uniqueness of our products in a distinctive, fun way, and our products are sold exclusively through our content-rich website, catalogs, and 'store like no other' retail locations. We are committed to outstanding customer service backed by our 'No Bull Guarantee' - if it's not right, we'll fix it. Visit our website at Investor Contacts: Heena AgrawalSenior Vice President and Chief Financial Officer Chris SteffesSenior Director of FP&A E-mail: IR@ in to access your portfolio
