On Sunday, Japanese conglomerate Sony Group Corp (NYSE:SONY) announced that it had raised the price of its PlayStation 5 console by close to 25% in select markets in Europe, Middle East and Africa (EMEA), Australia, and New Zealand, citing high inflation and fluctuating exchange rates.
The PS5 will cost 500 euros (approximately $569) in Europe and £430 (approximately $569) in the UK from Monday.
In Australia, a standard PS5 with an Ultra HD Blu-ray disc drive costs AU $829.95 (approximately $524), and a PS5 Digital Edition costs AU $749.95 (approximately $475).
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