PS5 price jumps 40 as Sony cites 'challenging' market conditions

While President Donald Trump has revealed a tariff exemption for some electronics, video game consoles are not thought to be among them. Christopher Dring, who writes about the gaming industry in The Game Business newsletter, said while Sony did not directly mention tariffs in its decision, their "knock-on effect" could have an impact on pricing worldwide. "The US is the biggest market for video game consoles, and rather than simply increase prices there, it's possible the likes of PlayStation could increase pricing globally in an effort to protect, as best they can, the US market," he told the BBC. "Ultimately, the era when game consoles went down in price over time is certainly over." The price increase comes as Nintendo's launch of its rival Switch 2 console was marred by the impact of US tariffs on markets worldwide.