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Sony’s PS5 Price Hikes Prove This Console Generation Is Far

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A Sony Group Corp. PlayStation 5  Pro video game console center left and a PS5 video game console center right on.

If you’ve been holding off on picking up a PlayStation 5 in hopes of a price cut, bad news: the cost of every model of Sony’s all-conquering console has instead gone up considerably.

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Summary

It’s a move that breaks with decades of tradition (or at least consumer expectations) and is undoubtedly a blow for anyone hoping for a discount, five years into the current console generation. Historically, at this point in a console generation, incumbent hardware sees steep discounts. For example, the PS4, which launched for $400 in 2013, was retailing for $300 by 2018, a 25 percent decrease. The AI bubble has seen RAM and SSD storage prices skyrocket in the last few months, impacting the entire global tech sector. The new MSRPs went into effect on April 2, and there’s no sugarcoating that they mark significant increases.

Read full article at Wired →