Will the PS5 get more expensive? Sony refuses to answer
At the presentation of the business figures, Sony explained that games for the PS4 and PS5 were selling less well. When asked whether the Playstation 5 could become more expensive, the Japanese stonewalled.
A number of IT companies had to accept losses in the past quarter. This also includes Sony’s Playstation department. Compared to the previous year, 26 percent fewer video games were sold. In addition, the production and delivery of the Playstation 5 continues to falter. In discussions with investors, Sony stonewalled whether the Selling price of the PS5 will be increased or not. CFO Hioki Totoki declined to answer. So far, the Playstation 5 costs just under 500 euros according to the RRP.
Deliveries of the Playstation 5 below expectations
Sony had already raised the prices for numerous cameras, headsets and Blu-ray players in Japan in April. The background is the effects of the Ukraine war and the global Covid-19 pandemic, so that commodity prices have exploded and supply chains have been disrupted. In the last three months, Sony has shipped 2.4 million Playstation 5s worldwide, bringing the total number of PS5s sold worldwide since December 2020 to 21.7 million. It is uncertain whether the goal of delivering a total of 18 million Playstation 5s in the 2022 financial year can be achieved. If you want to meet the targets, you would now have to ship five million PS5s every quarter.
If analyst Glenn O’Donnell has his way, prices for new chips should rise by up to 15 percent. Consequently, a price increase for hardware such as the Playstation 5 does not seem to be out of the question. After all, semiconductor manufacturers use a lot of energy, and with energy costs rising, this could impact prices. Especially with video game consoles, the margin is not high anyway, so manufacturers could come up with the idea of turning the price screw.
Also worth reading: Sony update: Sales of games for PS5 and Co. are weakening
Collection on the possible price increase for the Playstation 5:
- Sony was only able to ship 2.4 million Playstation 5s worldwide in the last three months. In order to meet the target of 18 million PS5 consoles shipped in fiscal 2022, the company would now have to ship five million PS5s every quarter.
- The effects of the Ukraine war and the global Covid-19 pandemic are to blame, so that commodity prices have exploded and supply chains have been disrupted.
- Sony CFO Hiroki Totoki declined to answer when an investor asked if there would be a price increase for the Playstation 5.
Source: Video game chronicle
Reference-www.pcgameshardware.de