Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Instagram Outage Disrupts Thousands of U.S. Users 
SoftBank and Intel Partner to Develop Next-Generation Memory Chips for AI Data Centers 
Google Cloud and Liberty Global Forge Strategic AI Partnership to Transform European Telecom Services 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Palantir Stock Jumps After Strong Q4 Earnings Beat and Upbeat 2026 Revenue Forecast 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Sony says it is still seeing a high demand for its current-generation console PlayStation 5, even after its recommended retail prices have increased in most territories. The company also provided a positive update about the PS5 production, suggesting it could be more widely available in the coming months.
The PlayStation maker held its earnings call for the second quarter of the fiscal year 2022, ending last September, where Sony announced the PS5 shipments had already surpassed 25 million units. And when asked if the PS5 price hike had some effect on the demand for gaming hardware, Sony CFO Hiroki Totoki said (transcription via Seeking Alpha), “We have not seen any dampening of the demand, but we have to monitor what will happen in the market going forward.”
Sony announced the PS5 price increases last August, which brought the disc version’s price up to €549.99 in Europe, £479.99 in the U.K., 4,299 yuan in China, AUD$799.95 in Australia, MXN$14,999 in Mexico, and CAD$649.99 in Canada. A similar price change was implemented in the Japanese market in September that, increased the console’s price to ¥60,478.
PlayStation president Jim Ryan said in a blog post that the price hikes were caused by worsening global inflation and currency trends that have had adverse effects on the industry. The company said at the time that price increases were not planned in the U.S., and Sony has not changed that to this day.
During the earnings call last week, Sony also announced that the challenges it faced in producing and shipping PS5 units have “significantly eased.” Like most tech products launched amid the pandemic, console gamers have had difficulties finding an available PS5 in stores and without relying on overpriced units being sold by unauthorized resellers online.
Those days should be over soon, though. “Regarding production of PS5 hardware, restrictions on the supply of materials and logistics have significantly eased, and the number of units produced during the quarter exceeded 6.5 million, progressing faster than planned,” Totoki said.
Photo by Triyansh Gill on Unsplash
