FILE-Sony PlayStation 5 Pro (R) and PlayStation 5 Digital Edition (L) video game consoles are displayed during the Tokyo Game Show 2024 at Makuhari Messe on September 26, 2024 in Chiba, Japan. (Photo by Tomohiro Ohsumi/Getty Images)
Sony is hiking prices for its PlayStation 5 game consoles in the U.S. starting Thursday.
The costs of the consoles are going up by $50, with the company referencing a “challenging economic environment,” Forbes reported.
RELATED: Sony slashes PS5 prices as Nintendo and Xbox hike console costs
This new change comes following Sony increased prices on the PlayStation 5 by 25% in international markets in April.
Citing a May earnings call, Forbes noted that Sony chief financial officer Lin Tao said President Donald Trump’s tariffs would impact Sony’s hardware, gaming, and semiconductor production, although she didn’t say whether the PlayStation 5 would face price increases.
Which PlayStation consoles will cost more?
By the numbers:
Prices for the consoles are changing with Sony charging $549.99 for the PlayStation 5, which is currently listed for $499.99 on its website.
The PlayStation 5 Digital Edition is rising from $449.99 to $499.99, while the PlayStation 5 Pro will jump from $699.99 to $749.99.
RELATED: Microsoft raises Xbox prices globally as tariffs shake gaming industry
But Forbes noted that Sony explained that prices for PlayStation accessories would stay the same.
Have prices changed for other gaming consoles?
Big picture view:
In May, Microsoft raised prices on its Xbox Series X and Series S consoles and accessories. The company said the pricing adjustments were due to “market conditions and the rising cost of development.”
Nintendo released the Switch 2 console for a higher-than-expected price and raised the prices of Switch 2 accessories by $5 to $10 each in April. Forbes reported that the Switch 2 console costs $450.
The Source: Information for this story was provided by Forbes, Reuters, and previous LIVENOW from FOX reporting. This story was reported from Washington, D.C.