What to know

  • Sony is considering raising the price of the PlayStation 5 in the US.
  • The move comes as a response to new tariffs on imported electronics under Trump’s trade policies.
  • Sony may also look at manufacturing PS5 consoles in the US to avoid tariffs.
  • No final decision has been made yet on price changes or manufacturing shifts.

Sony is thinking about increasing the price of its PlayStation 5 console in the United States. This is because of new tariffs on imported electronics that have been introduced under former President Donald Trump’s trade policies. The tariffs make it more expensive for Sony to bring PS5 consoles into the US from overseas factories.

The company is weighing its options. One possibility is to pass the extra cost on to customers by raising the retail price of the PS5. Another option is to start making the consoles in the US, which could help Sony avoid the tariffs but might also bring new challenges and costs.

Sony has not made a final decision yet. The company is still studying how the tariffs will affect its business and what the best response might be. Executives say they want to keep the PS5 affordable for as many people as possible, but they also need to cover the higher costs caused by the tariffs.

Industry experts say that if Sony raises prices, it could affect sales and make the PS5 less competitive in the US market. Other electronics companies are facing similar decisions as tariffs increase the cost of importing goods into the country.

For now, Sony is watching the situation closely and talking to suppliers and partners. The company says it will announce any changes to pricing or manufacturing plans once it has made a decision.

Via: The Verge