In its latest quarterly earnings, Sony has has said that it’s currently considering raising PlayStation 5 prices due to the current tariff situation with America.
The news came from Sony CFO Lin Tao, who said that the company currently needs to find approximately 100 billion yen, equivalent to 512 million dollars to make up for the impact of the current tariffs.
“In terms of the tariffs, we are not just simply calculating the simple tariffs [prices] to come up with 100 billion yen, but are thinking about the current available information and looking at the market trend, we may pass the price [to customers] and also shipment allocation. So we are taking different measures in managing to come up to the 100 billion yen.”
RELATED – PlayStation 5 Has Now Sold 77.8 Million Units And Tracks Identical to PS4 Sales
Sony CEO Hiroki Totoki weighed in on the tariffs to say, “These hardwares can of course be produced locally, I think that would be an efficient strategy, but the PlayStation 5 is being manufactured in many areas [its components], so whether its going to be manufactured in the US or not, it needs to be considered going forward in such a critical situation.”
So at the very least, it seems like Sony is currently weighing up its option on PlayStation 5 console prices and waiting to see how the current tariffs situation shakes out as it’s still incredibly volatile.
That being said, PlayStation 5 price increases is something that the company is curiously considering and will likely be announced soon if the current situation with China and the United State isn’t resolved soon.
Last month, Xbox had announced price increases across all of its hardware due to increase tariff prices and Nintendo has seemingly already got ahead of the curve by announcing the Nintendo Switch 2 will launch at $450.
Nintendo was also the first to introduce $80 games, with Xbox shortly following suit by saying that some of its first-party games would now cost $80 starting holiday 2025.
You can see Sony’s full financial results here.
What do you think of Sony being the next company to increase its hardware prices? Will you buy a PlayStation 5 if another $100 or so was added on top? Let us know through the Insider Gaming forum.
For more news, check out Kingdom Hearts: Missing Link being canceled, and Marvel Rivals bringing back the Season 0 Battle Pass.
SUBSCRIBE to our newsletter to receive the latest news and exclusive leaks every week! No Spam.
Tom Henderson is Insider Gaming's Co-Founder and Editor-In-Chief. When he's not running one of the industry's leading independent video game websites, he's probably playing an FPS like Call of Duty,…
More from Tom Henderson
No games so no worries. Switch exists, old games, and PS4 still getting games like HunterXHunter, Bleach, and Fatal Fury cop those instead. Also PC exists when Hidden Ones, Ananta, and Showa American Story coming and whenever when Where Winds Meet drops