PS5 price hiked by £90 due to global 'pressures'
Sony is raising the price of the PlayStation 5 by £90 in the UK and by $100 in the US, in a dramatic hike it says is due to "continued pressures in the global economic landscape".
The gaming giant said the changes, taking effect from 2 April, would see the recommended price for retailers of its PS5, PS5 Pro and PlayStation Portal handheld device ris...
In the deeper analysis, we can see that this price hike is part of a larger trend in the gaming industry. The cost of RAM and storage, crucial components for consoles, has risen dramatically due to increased demand from data centers powering artificial intelligence (AI). This increase in costs could potentially lead to further price increases by other console manufacturers like Microsoft and Nintendo. Additionally, concerns about soaring RAM and storage prices have already caused delays and pric...
