Sony Announces Ps5 Price Hikes In Select Markets

Japans Sony said it has hiked the price of some PlayStation 5 consoles in select markets, but not the United States, because of challenging global economic conditions.

The price of the PS5 digital edition, which has no disk drive, will rise by more than 10 percent in Europe, Britain and Australia, the company told AFP on Monday.

The company said on Sunday in a blog post the tough decision had been taken with a backdrop of a challenging economic environment, including high inflation and fluctuating exchange rates.

It comes after US President Donald Trumps sweeping, on-and-off tariffs have roiled global markets and sparked a tit-for-tat trade war with China, raising fears of a wider economic slowdown.

New Zealand customers will see the PS5 digital editions price go up, the blog post said.