Sony raises global prices of PlayStation 5 outside US market

Sony is increasing the price of the PlayStation 5 by as much as 20%, the company says, in every major market save the US.

The UK price of the games console, which has been plagued by supply shortages since its release in November 2020, will increase by 6% (£30), from £449.99 to £479.99. A cheaper, disc-less version of the console will get the same price rise, from £359.99 to £389.99.

Australian prices are increasing from AU$749.95 to AU$799.95, and from AU$599.95 to AU$649.95, respectively.

The continued short supply of PlayStation 5s means the price increase still represents a substantial saving on the open market value of the console. A new, sealed PS5 sells for more than £600 on eBay, feeding into further supply shortages as scalpers race to buy consoles at RRP whenever they are available.