Sony raises PlayStation 5 prices in most markets citing ‘challenging economic conditions’

Sony is raising the price of its current generation console PlayStation 5 in most major markets, citing “challenging economic conditions” such as high global inflation rates and adverse currency trends.
The new price  — which largely varies between $30 to $50 — will affect customers in Europe, the UK, Japan, China, Australia, Mexico and Canada, the company said.
The U.S. is not impacted by the price hike, the company confirmed.
“While this price increase is a necessity given the current global economic environment and its impact on SIE’s business, our top priority

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