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Microsoft Officially Respond To The PlayStation 5 Price Hike

Microsoft Officially Respond To The PlayStation 5 Price Hike

Following the news that the PS5 will be increasing in price in most major PlayStation-selling regions, Microsoft have issued a response.

Yesterday, it was confirmed by Sony that the PlayStation 5 is receiving a significant price hike in most major PlayStation-selling regions, including the UK, Europe, Australia and Japan. The increases vary from region to region, but here in the UK, the Disc edition will now cost you £479.99 (up from £449.99), while the Digital edition is £389.99 (up from £359.99).

PS5s are notoriously difficult to get hold of in the first place, which is why this husband's reaction to getting one as a gift was so priceless.

“While this price increase is a necessity given the current global economic environment and its impact on SIE’s business, our top priority continues to be improving the PS5 supply situation so that as many players as possible can experience everything that PS5 offers and what’s still to come,” president and CEO of Sony Interactive Entertainment, Jim Ryan, explained on the PlayStation Blog. “Thank you for your continued support.”

Now, as reported by Windows Central, Microsoft has officially responded to the situation, and although the company’s new-gen consoles are remaining free from any price hikes for now, there hasn’t been any reassurance given that this will remain the way in the future. 

“We are constantly evaluating our business to offer our fans great gaming options,” a Microsoft spokesperson said to Windows Central. “Our Xbox Series S suggested retail price remains at $299 (£250, €300) the Xbox Series X is $499 (£450, €500).”

At the moment though, it seems gamers can rest easy that Microsoft seemingly has no current plans to follow in Sony’s footsteps.

Featured Image Credit: Jakub Sisulak, Billy Freeman via Unsplash

Topics: Microsoft, Sony, Xbox, PlayStation, PlayStation 5, Xbox Series X