Sony to raise PlayStation 5 prices amid surge in memory chip costs [FOX Business Network]
Sony Group Corporation American Depositary Shares (SONY)
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Source: FOX Business Network
Sony Group is raising global prices of its PlayStation 5 consoles, including a $100 increase in the U.S., marking its second hike in less than a year as the Japanese firm grapples with rising costs of key components such as memory chips. The tech industry's race to build out artificial intelligence (AI) infrastructure has pushed chipmakers to favor higher-margin data-center chips, tightening supply for consumer devices. ? The updated U.S. prices, effective April 2, will put the standard PS5 at $649.99, up from $549.99. The Digital Edition will now cost $599.99 while the high-end PS5 Pro will cost $899.99. Prices of the PlayStation Portal remote player will also climb to $249.99 from $199.99. Similar increases will take effect across Europe and Japan, following what the company described as a "careful evaluation" of rising cost pressures in global supply chains. Analysts have said the console price hikes are likely to dampen growth in the video-game market this year. "Fort
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SONY
News
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- Is Sony Group (TSE:6758) Now Fairly Priced After This Year's 21% Share Price Slide [Yahoo! Finance]Yahoo! Finance
SONY
Earnings
- 2/6/26 - Beat
SONY
Sec Filings
- 3/31/26 - Form 6-K
- 3/25/26 - Form 6-K
- 3/25/26 - Form 6-K
- SONY's page on the SEC website