Get Your PS5 Now Before Sony Inevitably Jacks Up the Price

Even if tariffs on China have come down slightly, you should assume all your gaming consoles will cost more going forward. Sony, the makers of PlayStation, claims it is looking down the hole of around $680 million in lost revenue due to tariffs. The company says it has two options to remediate the impact of tariffs: moving manufacturing to the U.S. and increasing prices of products like its PlayStation 5. Knowing recent price increases from Nintendo and Microsoft, pricier PS5s sound highly likely. Earlier this month, Microsoft and Xbox detailed sweeping price hikes for practically all gaming hardware, including a near-$100 increase for Xbox Series X consoles. Sony was certainly paying attention. During the Japanese conglomerate’s latest call with investors, Sony’s CFO, Lin Tao, said the company may “pass on” the cost of tariffs to its products.i The company has a lot of fingers in a lot of hardware pies, but tariffs were especially impacting sectors that include its PlayStation gamin ... Read full article.