Market Chatter: Sony Raises PS5 Prices Globally for Second Time in a Year

MT Newswires Live03-30

Sony (TYO:6758) has increased the prices of its PlayStation 5 consoles due to rising costs for essential components such as memory chips, Nikkei Asia reported Saturday, citing the company.

This marks the second price hike within a span of less than 12 months, the publication noted.

Effective April 2, U.S. prices for Sony's PlayStation 5 consoles will rise, with the standard model increasing to $649.99, the Digital Edition to $599.99, the high-end PS5 Pro to $899.99, and the PlayStation Portal remote player to $249.99, the report added.

The growing demand for artificial intelligence infrastructure has prompted memory chip suppliers to focus production on higher-margin data center components, thereby constraining supply and driving up costs for consumer electronics, the news daily said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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