Sony raises PlayStation 5 prices by up to 20% in most markets
2 years, 3 months ago

Sony raises PlayStation 5 prices by up to 20% in most markets

Live Mint  

Sony Group Corp. is raising the price of its PlayStation 5 games console across all major markets outside of the U.S. by as much as 20%, the company said. The Japanese electronics and entertainment company said that the price of PlayStation 5 will increase in select markets across Europe, the Middle East, Africa, Asia-Pacific, Latin America and Canada. In the fiscal year ended March 2022, Sony said it sold 11.5 million units of the machine, falling short of the previous target of 14.8 million. In May, Sony’s chief financial officer, Hiroki Totoki, said the company aimed to sell 18 million units of its PlayStation 5 in the current fiscal year, which ends in March 2023, down from a previous projection of 22.6 million.

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