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Sony will raise the price<\/a> of PlayStation 5 consoles, the company announced on Wednesday. These changes will be effective as of Thursday, August 21.<\/p>\n Citing \u201ca challenging economic environment\u201d \u2014 which appears to reference President Trump\u2019s tariffs<\/a> on imported products \u2014 Sony is increasing console prices by about $50. In the U.S., the prices will increase to $549.99 for the PlayStation 5, $499.99 for the PlayStation 5 Digital Edition, and $749.99 for the PlayStation 5 Pro. On July 31, the White House announced<\/a> a 15% tariff on Japan.<\/p>\n The company said that it does not have plans to change prices in other countries, nor does it intend to hike the cost of accessories. However, Sony already raised prices for PlayStation consoles sold in Europe, Australia, and New Zealand in April<\/a>, citing the same challenging environment.<\/p>\n In some regions, Sony previously increased console prices<\/a> in 2022 due to inflation, but U.S. markets were not impacted at the time.<\/p>\n Some of Sony\u2019s peers have also announced pricing changes to gaming products amid the news of Trump\u2019s tariffs. Microsoft indicated<\/a> in May that it would increase console prices by $80 to $100, while also increasing the prices of some games, controllers, and accessories.<\/p>\n Nintendo chose to raise the prices<\/a> of some accessories for the new Nintendo Switch 2<\/a> console, but not the console itself.<\/p>\n We\u2019re always looking to evolve, and by providing some insight into your perspective and feedback into TechCrunch and our coverage and events, you can help us! Fill out\u00a0<\/em>this survey<\/a><\/em>\u00a0to let us know how we\u2019re doing and get the chance to win a prize in return!<\/em><\/p>\n