Sony announces a price increase for its PlayStation 5 consoles in the U.S. due to global economic pressures and RAM shortages, with the recommended retail price of the flagship PS5 set to reach $649.99.
The higher prices plaguing the tech sector recently strikes again, and this time gamers will be the ones footing the bill.On Friday, Sony revealed its PlayStation 5 consoles are about to get more expensive, and the price hike s are pretty significant.
According to the company’s statement, the recommended retail price of its flagship PS5 will soon be $649.99 in the U.S. Here is the full list of how much it will cost in the U.S. :Anyone who is thinking about buying a PS5 still has time to pick one up at the old prices.Sony does not plan to change the MSRP until Thursday, April 2, and as of Friday, stores were still selling regular PS5s for the old prices.RELATED: Netflix raising prices again on all plans: How much more you'll be payingSony blamed the hike on "continued pressures in the global economic landscape," but the statement did not go further than that.While the company was not specific about the change, an ongoing RAM shortage is forcing many tech companies to raise their prices. Dell, Asus, Acer, and Nothing have all warned about coming price hikes, The Verge reported.The International Data Corporation attributed the shortages to the booming Artificial Intelligence sector. It explained that AI needs a lot of memory and companies are snatching up memory chips as fast as they can, leading manufacturers to reallocate supplies away from the consumer market.
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