Sony PlayStation is 5 gaming console in the US will jump from around $ 50 (£ 37.16) from Thursday as Japanese technology is struggling with giants’ rising cost and slow video game market.
Like many global businesses, the firm face the “challenging economic environment”, the Vice President of the global marketing of Isabel Tomatis, Sony Interactive Entertainment said in a blog post.
All Three PlayStation 5 Console Will see an increase in similar price. The most expensive Pro version is now the recommended retail price of $ 749.99.
US President Donald Trump has increased the price after the tariff was imposed on most of the US business partners including Japan, which is expected to cost rising costs.
“We have taken a difficult decision to increase the recommended retail price for Playstation 5 console in the US starting on August 21,” said Ms. Tomatis.
He said that the base model of Playstation 5 will cost $ 499.99 in the US.
Blog Post said that Playstation 5 Recommended Retail Prices for Accessories will remain unchanged and the firm has no other price change to announce for other countries.
Japanese exporters currently face 15% tariffs on goods selling in the US.
Sony raised console prices in the UK and Europe earlier this year, citing high inflation and ups and downs in exchange rates.
US Gamers have seen the same price growth from other companies such as Nintendo, which has recently increased the price of the original nintendo switch.
The £ 75 price tag on the title like Mario Cart World has criticized the players on the rising cost of gaming.
Microsoft also increased the price of its Xbox console and goods in various countries this year.
Major companies have warned about the impact of tariffs in recent months.
This week, the US Home Improvement Chain Home Depot said that some prices could be increased due to new import taxes.
“For some imported goods, tariff rates are much higher than today,” finance head of the firm Richard McFel told The Wall Street Journal.
“So as you expect, some categories will have a slight price movement, but it will not be comprehensive based,” he said.
In July, German sportswear giant Adidas warned that the US tariff spent it another € 200 meters (£ 173m; $ 232.9m) and confirmed that it would raise prices for American customers.
Its rival Nike said in May that he would increase prices on some trainers and clothes for American customers from June, and later warned that tariffs could add approximately $ 1bn (£ 730m) to their cost.
