Sony has announced it's increasing the price of the PS5 console in territories like Europe, the United Kingdom, Japan, China, and Canada. Jim Ryan takes to the PS Blog to say this is due to "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". The USA is not affected by the price increase.

"While this price increase is a necessity given the current global economic environment and its impact on SIE’s business, our top priority continues to be improving the PS5 supply situation so that as many players as possible can experience everything that PS5 offers and what’s still to come," Ryan then adds. As recently as 30th July 2022, Sony avoided questions relating to a PS5 price increase.

Hiroki Totoki said: "About a potential price increase for the PS5, at this point in time there is nothing specific I can share with you about prices." It had been thought the supply of PS5 Stock was improving over the past handful of months, but clearly not enough to where Sony feels comfortable with the money it's making off hardware sales."

For Europe that means a 50 euro increase.

https://www.pushsquare.com/news/2022/08/ps5-price-increase-confirmed-for-uk-europe-japan-canada-and-more

2 years ago

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For some reason, I thought your post is about PS5 games, not the console. 50 euro increase per game would be horrible.

2 years ago
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If Sony does that, they will just shoot themself in the foot really, just like how they killed the PS Vita because of the expensive SD card

2 years ago
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is this to try and pay some of the lawsuit if they lose - i wonder if this will impact the fact that more and more Sony games will come to pc faster

2 years ago
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I think they wanted to do it for a while but they were waiting since people were probably struggling, but when they saw the that 9 mil people from the uk are suing them they probably said f it, send the price update out now. I know a lot of grocery stores in the usa apparently haven't rolled big inflation changes yet and have taken "profit losses", not complete losses, still made profits, but some losses to their profits, whatever that means, but they were planning to inflate the crap out of prices, despite people not being able to afford stuff.

2 years ago
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what lawsuit? I ain't from UK so i have no idea why people are suing sony. Any links or quick summary please?

2 years ago
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https://kotaku.com/playstation-sony-lawsuit-digital-store-ripping-off-1849441245

Basically 9 million people bunched up together to sue sony cause they charge a 30% store fee on what you buy from their store even though most stuff on their store is exclusive to their store. Part of their reasoning is that sony has a monopoly on their games, which isn't untrue, cause it's their games, and also that it's too unfordable to get their games.

I disagree mostly but I also extremely rarely buy any game brand new at full price. From the article from kotaku: "While I’m sympathetic to how inflation makes it difficult for players to afford more games, I’m not sure if I would lump gaming together with a cost of living crisis. Paying rent is a necessity. Playing God of War Ragnarök on launch is not." I think this summarizes it up the best. Like you can't expect to get every game on launch. And $60 is not a big deal once a month I'd say. At the same time, games used to cost more in the past, but the consoles used to be way cheaper if I remember right. At the same time, it's a lot easier to make games nowadays, and these new devs are lazy af, and they release incomplete af games, so I do think that games should be around $40 on release, just because they bs you with dlc afterwards.

I think in general everywhere across the world people's wages are just too f'd up. Some people make too little, some way too much, even if you disregard the 0.1% or 1% or whatever. Things need to come a lot closer. The person who makes $100k a year can easily afford every new game on release so they of course have no problem with this. The person making $20k a year can't afford every new game on release and it would probably be a mistake to buy any new game at full price with that wage so I think it's reasonably understandable why they'd be upset and feel the situation puts them in an unfair spot. We couldn't tell every single person to just start making a million a year, it's literally impossible.

To that degree I definitely support the people upset in the uk, except that they should be upset at the world leaders for not putting any standards, barriers, etc. The unfortunate part, barking at the leaders is literally useless because they make a lot of money, so why would they ever want to change their situation and make it worse to help other people. It's not like they're good people, right? The whole standard is that once you get in a good position you don't want to return to where you were before or make it any worse so it's not really surprising the human nature is to turn a blind eye.

Big fan of this quote from Men at Arms: "The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money. Take boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles. But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that'd still be keeping his feet dry in ten years' time, while a poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet. This was the Captain Samuel Vimes "Boots" theory of socioeconomic unfairness.[1]"

2 years ago
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"Profit losses"? Maybe it applies to small stores, because a lot of news I saw is corporations raking in record profits everywhere, to the point even economical ideologues are starting to talk about windfall taxes due to price gouging not just on energy sector, but also food and a few others. The only ones eating losses due to inflation are the common people, the rich will always find the way to come out on top...

2 years ago
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Yeah from what I read that's exactly how they were labeled too, basically meaning that if they wanted, they felt comfortable charging even more, and knew that people would need to buy food, and other basic survival and hygiene items regardless of what the price would be, but out of their "kindness" they took those "profit losses" because they were thinking of the struggling people. Wouldn't pay them a livable wage and give them proper vacations and health benefits tho, because that'd mean treating them like humans. The richer they are, the more disgusting they become if you ask me. It goes hand in hand with the billionaire that donates $1000 to a charity, like what a good guy. that 0.0000000001% donation must really make them wonder if they're gonna make it next month and how they're already struggling to think how to recover from the loss.

2 years ago
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It was expected. I hope Microsoft will not increase prices of their consoles.

2 years ago
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Ps5 always been scarce they could "afford" to do it, heck even 100-150 euro if they wanted. It would actually be a better business move for microsoft to drop the price for better competition.

2 years ago
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Agree. Lower console prices means more games sold as well, both physical and on their app store.

2 years ago
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Hm, back in the days, the race for console makers was to lower prices, not increase prices. We truly are living in the worst timeline.

2 years ago
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Exactly, and that in a time with just anything getting more expensive, gas, electricity, there also prices would go up but also down, now it's just up, up and up.

2 years ago
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The Game Boy came from 590 French Francs to 690FF in 1992 but that is the only example I can remember

2 years ago
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Lots of things seem to be getting worse and worse these days :'(

2 years ago
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Capitalism baby, it's totally cool to take as much as you want, and keep on taking beyond that if you find a way, don't worry about anyone else, just keep taking it all keep it in a safe while people suffer.

2 years ago
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Well, why don't poor altruistic people stop 'giving' then? Prolly those sufferings without a console are so enormous, they just CAN'T.....

2 years ago
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Sorry I actually didn't understand what you were trying to say. Its in the interest of an altruist to give or share, regardless of what they have, so them being poor wouldn't stop them. But yes, despite gaming being probably the largest digital entertainment form nowadays, most people still probably don't own a console.

I was more trying to point out how all these big companies, be it mcdonalds, or sony, etc., or big ceos like elon musk, or jeff besoz, or even big twitch streamers, music stars, actors, whatever, I wont name anyone specifically there, but you can literally pick any, have made immense sums of money, and when you try and look at the things they have done with this money, it's nothing, it's just been stashed away in safes, nothing of importance has been done with it afterwards, and it's being used to sponsor "gaming compounds" and "tik tok stars" which is incredibly disappointing to think about. At least if they'd back down to leave something for others if they don't want to invest in providing the tools for others to learn and create things but they wont even have the dignity to either of those things. They just want to wait in silence until someone comes up with an idea, then they offer an insignificant amount of their money for it so they can produce it large scale and sell it at inflation price. Even if they donate money they're like donating $100 000 and people go crazy like what a good thing they did in the next 5 minutes they made those $100k back through investments that pay back. It's all a bad joke. Remember when people posted that meme many years ago with bill gates and by the time you scrolled at the end he was getting a Lamborghini?

2 years ago*
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The thing is, companies realized that if they increased prices, they wouldn't lose money because sales would drop. They'd just make more money. And this is especially dangerous when it comes to essential daily expenses, such as water and energy bills and food. And you're right, they don't care. They make more money, people get hungrier, and the planet explodes at a faster rate.

2 years ago
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Exactly, it's insane there's no rules for price gouging, but in the end who owns the gov that rules the people, the corporations. They were allowed to slowly buy parts and people, now they own all of it, and now the same corporations try and push messages like "recycle" and "think of the planet", or bs like "use water wisely", then you realize it's the same companies that are responsible for these things. "https://www.youtube.com/watch?v=Xo7V4PPHijs"

Like yes, I'm gonna give a damn while the people running a multi billion dollar corporation are going to see what corners they can cut, everyone has to pay their taxes, but think of the corporations, lets let them go to ireland or whatever and pay no taxes or almost nothing. Think of all the celebrities that are struggling so much with their millions of dollars they had to get offshore accounts in panama so they can avoid taxes.

2 years ago*
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and here i thought sony made enough money to be profitable, guess they need every penny they can get

2 years ago
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I can't imagine they can keep a high console price without experiencing huge revenue losses tho, in the long run.

2 years ago
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Always happy to exchange a bunch of toilet paper Euros for hardware 😀

2 years ago
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yeah... and then there's this https://playstationyouoweus.co.uk

2 years ago
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what a load of tosh - every day things like this are laughed out of court

2 years ago
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idk much about it, just know it from some youtuber
at least i'm not PS user

2 years ago
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Well that's how inflation works

2 years ago
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The US doesn't have inflation then I guess? 😉

2 years ago
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I think it's cause in the eu the tax is already included in the items(if I'm correct), while in the us you will pay the tax when you buy it hence raising the price. I still think it's a higher price atm in the eu, but that might also be because the US and China have special shipping arrangements so it's probably "free" or stupid cheap for sony or anyone to ship from china to the us, but from china to eu it's probably $30. Just my guess. They probably add that into the cost.

2 years ago
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The USD has been stronger than every other currency last year except maybe the Swiss franc, we're paying extra for the devaluation of our currencies basically.
Also, Xbox has higher market share in the US already, so they can't just make the situation worse.

2 years ago
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I wonder if the increased price will compensate for all the people who will now be deterred from buying until it goes down again. Hopefully it won't. I'm tired of big profitable companies trying to scrounge as much money as they can and try to chalk it up to excuses when the reality is pure simple greed. At least have the balls to admit it.

2 years ago
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At the end of the day, they are making their profit one way or another. Whether it's cutting staff, releasing incomplete games and selling you 100 dlcs you never asked for or basic game functionality that should've already been there, whether it's blaming inflation and raising prices, whether you can only buy a bundle with 2 shitty games they can't sell otherwise because it's games no one will ever play unless they hate themselves, they will make profits one way or another or they wont make the product. It would be nice if we would have alternatives but the issue is, when the alternative is born, it starts charging the same or more. It's just a capitalism problem.

Can't blame sony or expect 1 company alone to not use every opportunity when the ones that made the rules let them use this exploit.

2 years ago
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Consoles, or better the games, were since forever too expensive.

So i am happy that i have zero interest on consoles.
They can skyrocket the price to the moon and i would still be happy :-D

2 years ago
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The most upsetting thing for me from this whole thing is that to this day, people still buy consoles. A new console comes out and immediately becomes old hardware to a pc, but people still buy them, despite how many more things you can do with a pc. I guess they are a lot cheaper, but then they get you on the games, so in the end game it's not worth it, unless you're gonna buy a $500 piece of old hardware to play 3 $60 games putting you at $680, or you could buy a $1200 pc and the possibilities are infinite.

2 years ago
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Well you used to have console exclusives, i remember getting a ps2 for final fantasy 10. It's just not so exclusive anymore these days. But Gran Turismo 7 f.e is still ps exclusive.

2 years ago
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True, but I firmly believe we shouldn't encourage that anymore. These games are made on pc's at the end of the day, there's 0 excuse to not have a pc release first. Also I don't own a console so I can't test but I've read that GT7 was terrible, true? Thankfully we're finally getting uncharted and spiderman games where they belonged in the first place, hopefully they're not ports but rather releases.

2 years ago
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GT7 gets good reviews, and i must say it looks interesting to myself too (although i still have to start believing you can play a racer with just a controller and not just a wheel) and i do have a playstation 4.

I believe Spiderman is fully remastered, all build to be 4k. I just don't understand how they can be 25 euro cheaper on keyreseller sites for pc, not like they come from kickstarters or something, but from sony..

I am wondering about Final Fantasy 16 if that's gonna be a ps5 exclusive, but it probably goes to atleast Epic.

2 years ago
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Who the hell want consoles? You can plug PC (or stream to TV) to TV, play with controller even on PC, able to play older games on PC instead of hoping that your PS2-3-4 still working...
Might be just me, because I dont really care about exclusive titles as my most beloved genre (strategy) not really present in their exclusive collection, maybe not even presented on consoles.

For being home i have my PC, and i can't carry a console with myself either, so I'll just keep waiting for my steam deck. Hopefully they wont increase the price of the deck until i receive it, as i need the potential extra money for toilet paper heating healthy food cheap low quality food :-D

2 years ago*
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50 euro more reasons to chose PC Gaming instead ;)

2 years ago
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or xbox with game pass

2 years ago
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I will not buy it even harder now

2 years ago
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This is just good news for Microsoft tbh

2 years ago
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They announced today they won't be increasing their price.

2 years ago
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oh, good then

2 years ago
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I already decided to skip over PS5 but IMO it's bad move from them to increase prices when prices are already high enough considering how expensive gaming on a console already is when compared to PC.

2 years ago
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i know right considering PlayStation have games costing like £30+ on normal release and you can get many, many games on pc for less than £5 (even more so in bundles) - i haven't bought a console since the ps3 and i haven't even turned that on in like maybe 3 years or more - i just have a wider, cheaper, better selection of games on my pc - not to mention the fact that since i have Steam on my laptop i can game anywhere in my house or at work and not stuck with a box connected to one tv in one room

2 years ago
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True. Plus, many console exclusives are being ported to PC at a fraction of the original price so the initial incentive of not being able to play something unless you own the console slowly disappears.

2 years ago
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Just another console tax.

2 years ago
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i thought the whole point was to take a loss on the consoles and make it up with game sales. they already upped the standard price of current-gen console games to $70. (which is unfortunately bleeding a bit into pc game prices.)

2 years ago
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Can only wait for PS5 PRO...

2 years ago
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