Sony Surprisingly Hikes PlayStation 5 Prices in Japan

KEY TAKEAWAYS Sony Group said it is increasing the price of its PlayStation 5 in Japan by 19% to around 80,000 yen ($550), in an unexpected move by the tech and entertainment giant. The price hike comes even though the console is four years old and has seen slowing sales, and a revamped console is expected in coming months. Sony reportedly increased the price to account for a "severe external environment." Sony Group (SONY) said it is increasing the price of its PlayStation 5 in Japan by 19% to around 80,00 ...