Latest news with #videogamemarket
CTV News
9 hours ago
- Business
- CTV News
Sony hikes PlayStation 5 prices in U.S. as tariff uncertainty weighs
PlayStation 5 consoles are seen at a Best Buy store in Charlotte, N.C. (Erik Verduzco / AP Photo) Sony will raise prices of its PlayStation 5 consoles in the United States by around US$50 from Thursday, as the Japanese conglomerate navigates a slow recovery in the videogame market while U.S. tariffs threaten to raise costs. 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. ADVERTISEMENT 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 U.K. 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. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Leroy Leo)
Fast Company
10 hours ago
- Business
- Fast Company
Sony to raise PlayStation 5 prices in the U.S. amid tariff uncertainty
Sony will raise prices of its PlayStation 5 consoles in the United States by around $50 from Thursday, as the Japanese conglomerate navigates a slow recovery in the videogame market while U.S. tariffs threaten to raise costs. 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.
Yahoo
11 hours ago
- Business
- Yahoo
Sony hikes PlayStation 5 prices in US as tariff uncertainty weighs
(Reuters) -Sony will raise prices of its PlayStation 5 consoles in the United States by around $50 from Thursday, as the Japanese conglomerate navigates a slow recovery in the videogame market while U.S. tariffs threaten to raise costs. 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. Sign in to access your portfolio
Yahoo
11 hours ago
- Business
- Yahoo
Sony hikes PlayStation 5 prices in US as tariff uncertainty weighs
(Reuters) -Sony (SONY) will raise prices of its PlayStation 5 consoles in the United States by around $50 from Thursday, as the Japanese conglomerate navigates a slow recovery in the videogame market while U.S. tariffs threaten to raise costs. 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.
Reuters
11 hours ago
- Business
- Reuters
Sony hikes PlayStation 5 prices in US as tariff uncertainty weighs
Aug 20 (Reuters) - Sony (6758.T), opens new tab will raise prices of its PlayStation 5 consoles in the United States by around $50 from Thursday, as the Japanese conglomerate navigates a slow recovery in the videogame market while U.S. tariffs threaten to raise costs. 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 (TTWO.O), opens new tab "Grand Theft Auto VI" and Nintendo's (7974.T), opens new tab 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.
