The global component crisis has reached an inflection point where even consoles, historically a bastion of affordability against the fluctuating PC market, are now affected. Sony has just announced that all PlayStation 5 models are receiving price hikes, going into effect from April 2, 2026. It's your last chance to buy a PS5 or a PS Portal, because they're about to get $100 to $150 more expensive in just a few days.
- Buy PlayStation 5 Digital (slim)
- Buy PlayStation 5 Disc (slim)
- Buy PlayStation 5 Pro
- Buy PlayStation Portal
Sony says these changes were necessary given the current economic climate and that the company understands the community vitriol that'll stem from this decision. The PlayStation 5 already received another price hike in August 2025, where all models were made $50 more expensive. The new prices announced today are sure to upset many, but they won't surprise most of us.
This announcement comes at a time when most of the world, not just the tech industry, is reeling from an economic and political crisis tied to the Iran-U.S. war. The Strait of Hormuz, a major trade route in the Gulf region responsible for carrying a large chunk of the global oil supply, is still closed. The conflict is showing no signs of fizzling out.
The chipmaking sector is on the verge of facing a helium crisis, impacting the manufacturing process of silicon used in all sorts of devices around us. That includes the APUs Sony puts inside its PlayStation 5 consoles, and the future chip that'll power the PS6 and Microsoft's Project Helix. Let's not even get started on the memory shortage that the AI boom already caused, driving RAM and SSD prices up by as much as 500%.
Prices for PlayStation 5 consoles have risen in the UK, Europe, and Japan as well, so countries that import units from there will also experience the inflation soon. In Europe, the PS5 Pro will cost €899.99 from next week; that translates to a whopping $1,037. In the UK, at least, Sony offers PS5 rental services through a third-party vendor, and we assume they'll start to get a lot more popular now.
We've previously talked about how the upcoming Steam Machine isn't trying to hit console-level prices, but seeing what's happening to those in real time, one can only wonder the situation Valve is in.
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