Sony's decision to raise PS5 prices is not an isolated incident. Other gaming companies, including Nintendo and Microsoft, have also increased the prices of their consoles and peripherals. The move is largely attributed to economic challenges such as supply chain issues and manufacturing costs exacerbated by US import taxes.

Sony will raise prices of its PlayStation 5 consoles in the United States by around $50 from Thursday, as the Japanese conglomerate navigates a slow recovery in the videogame market while U.S. tariffs threaten to raise costs.