SpaceX IPO Filing Expected This Week as Valuation Could Surpass $75 Billion 
Amazon's "Transformer" Phone: Can It Succeed Where Fire Phone Failed? 
McDonald's and Restaurant Brands International Face Headwinds Amid Iran Conflict and Rising Costs 
Unilever and Magnum Face Defamation Lawsuit Over Ben & Jerry's Board Chair Dismissal 
TSMC Japan's Second Fab to Produce 3nm Chips by 2028 
SoftwareONE Posts 22.5% Revenue Surge in 2025 on Crayon Acquisition 
Apple Turns 50: From Garage Startup to AI Crossroads 
RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure 
Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears 
BlackRock CEO Larry Fink Earns $37.7 Million in 2025 Amid Record Growth 
Fonterra Admits Anchor Butter "Grass-Fed" Label Misled Consumers After Greenpeace Lawsuit 
Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman 
Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers 
Meta and Google just lost a landmark social media addiction case. A tech law expert explains the fallout 
Russell 1000 Companies Hit $2.2T Cash Record While Aggressively Reinvesting in Growth 
Nike Beats Q3 Estimates but China Weakness and Margin Pressure Weigh on Outlook 
Eli Lilly and Insilico Medicine Forge $2.75 Billion AI-Driven Drug Discovery Deal 
Rising inflation rates coupled with supply chain restrictions have caused price changes in some consumer tech products, which now include PlayStation 5. Microsoft, on the other hand, said it does not plan on increasing the prices of Xbox consoles — for now, at least.
Sony Interactive Entertainment CEO Jim Ryan announced on Thursday that the PS5 retail prices will increase. The changes will affect both the PS5 digital-only and disc versions being sold in Africa (EMEA), Asia-Pacific (APAC), Europe, Latin America (LATAM), the Middle East, and the United Kingdom. PS5s sold in Canada will be more expensive as well. But the changes, notably, will not be applied to consoles shipped to the United States.
“The global economic environment is a challenge that many of you around the world are no doubt experiencing,” Ryan said in a blog post. “We’re seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries.”
PlayStation fans can find the new recommended retail prices (RRPs) for PS5 consoles per region in the same blog post. Sony said these changes would take effect immediately, but the new prices will be applied in Japan on Sept. 15.
Xbox fans around the world can still purchase the current-gen consoles Xbox Series X/S at their original RRPs. Microsoft confirmed to Windows Central that it is currently not planning to follow Sony’s move. There is no guarantee that this decision will not change, though.
The Xbox parent company said it is “constantly evaluating” the situation, which leaves an opening for a price hike announcement in the future. For now, at least, Xbox fans can still buy an Xbox Series X at $499 / £450 / €500 and an Xbox Series S at $299 / £250 / €300.
Nintendo addressed the same matter earlier this month and confirmed it is also not planning to increase the prices of Nintendo Switch models anytime soon. The current RRPs are $299 for the regular Switch, $199 for Switch Lite, and $349 for Switch OLED.
Photo by Kerde Severin on Unsplash
