Sony is raising PlayStation 5 prices again globally, with the standard model now costing $649.99. This follows previous increases and broader industry trends driven by economic pressures and supply chain issues. Although no new price hike has been seen in India yet, the launch of the PS5 Pro appears to be imminent following the regulatory changes.

Buying PlayStation 5 is going to cost you more from April 2. Sony announced global price increases for its PS5 lineup on Friday, with the Standard Disc Edition increasing from $549.99 to $649.99, the Digital Edition increasing from $499.99 to $599.99, and the PS5 Pro increasing from $749.99 to $899.99. The PlayStation Portal Remote Player increases by $50 to $249.99. Sony’s explanation was brief: “The global economic landscape continues to remain under pressure.”What makes this sting even more is the context. This is the second price increase in less than a year—Sony raised US prices by $50 just last August. Put the two together and the standard PS5 is now $100 more expensive than it was eight months ago, and $150 more than when it launched in November 2020 for $500. The PS5 Pro, which launched in late 2024 for $699.99, has now surpassed $900 in less than 18 months.

Gaming is getting more expensive everywhere, not just PlayStation

Sony is not doing this alone. Microsoft raised the prices of Xbox consoles and controllers last May. Nintendo raised the price of the original Switch from $299 to $339. The reasons behind these increases go deeper than any one company’s margins. US tariffs and the ongoing conflicts in Ukraine and Iran have disrupted global supply chains. RAM prices have risen rapidly, partly because AI data centers are consuming memory at a pace the industry was not built to absorb – and this pressure inevitably filters down to consumer hardware. Bloomberg recently reported that Sony may delay the next-generation PlayStation until 2028 or 2029, which is a sign of how serious the situation is.A $1,000 console, once a fantasy, doesn’t seem so far away anymore.

No new price changes seen in India yet – but the PS5 Pro may be arriving eventually

Sony has not announced any price revision for India after Friday’s global hike. That said, India is not untouched – Sony quietly increased the price of the PS5 Digital Edition from Rs 44,990 to Rs 49,990 around July last year, without any official statement. The disc version is priced at Rs 54,990. Given Sony’s track record of following up global hikes with India-specific modifications, it’s fair to expect price hikes here too in the coming months.However, the biggest story in India at the moment is the PS5 Pro. The console never officially launched here because its Wi-Fi 7 support requires the 6GHz spectrum band, which was not approved by India. This changed in January 2026, when India lifted the ban on the lower part of the band. Shortly after, the PS5 Pro appeared on the Bureau of Indian Standards certification database – usually a sign that the launch is close. Gray market units are already hovering between Rs 70,000 and Rs 80,000; An official launch will likely reach that range or higher once taxes and duties are included.