PS5 price to increase in select markets due to global economic environment, including high inflation rates
- Thread starter alphachino
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I'm embarrassed for you. That tweet is salt personified.
Yet no one else has increased their prices.
Fair enough about Microsoft. Has Nintendo increased their prices?
Have other electronic goods increased in price? TVs, Phones, Fridges, Washers, Cookers, PC components, etc.
Maybe Sony was using Russian fuel to transport the PS5.
This will bite Sony in the ass whether they are right or not simply because they did it first. First 70 dollar games now this increase in console price. Sony were first to do it and will take the backlash.
Even if what you say is true they could have played it smart and waited until other companies increased their prices first.
Incompetence? If you have a better plan dude we all want to hear it....
Yes, pretty much across the board, including Sony's electronics.
Per same situation here, less so in the US.
yeah. absolutely everything is increasing in price... it's kinda worrying.
Even my mortgage
Even my mortgage
some people were saying last year that the oled switch was a stealth price increase, they went with a cheaper OLED screen, added a ethernet port, and added 32 gigs of space and sold it at an extra $50
I kniow apple increased their prices on phones but I was able to get a Xperia 5 III a under msrp in July
People really think jim ryan is the person who raised the price?
You think it came down from Totoki-san?
I hope so. Most of the price increases seem to be on the smaller side, it's maybe only a couple of select markets that could get hit by that 20% increase.
HIGHLY doubt MS lower the Series prices this fall. The inflation factors affect them as well, and while they may be okay with hardware losses as-is, they are probably not okay with even more hardware losses through an unnecessary price cut. Besides, they do not have much in terms of exclusives this holiday season, or big AAA marketing deals, to drive console sales that much.
What they can probably do, though, is extend that free game promotion with Series S and expand it to Series X for a limited time. That would probably serve them a lot better than a price cut. Btw I still think they can hit the 33 million by end of FY2022, particularly if the bulk of those systems are going to NA, the one place without a price increase. They may take some small hit in certain foreign markets where the price is going up by upwards 20%, but IIRC that is not all of them and most will see much lower price increase.
All I know is, they might want to start talking a bit more of some of the other exclusives they have planned to launch for PS5 over the next two years, 1P and 3P. And for 1P, make sure most of that is not of the live-service, GaaS variety. Of course some of those games are in the works, we know that, but the main PS fans didn't come to support the brand because of those types of games 1P-wise.
The gamers not getting console exclusives aren't the ones experiencing the price hike though.
If ms don't follow through with their own increeas they could getaway with a short term increase, as the ps5 demand is so high, and drop it down next fiscal year even before inflation does down to limit long term damage.
Hopefully jimbo don't get the idea let's keep it at that price.
Hopefully jimbo don't get the idea let's keep it at that price.
This is awful! I feel terrible for the people that are looking for a PS5, and now having to pay even more. This gen, Sony has REALLY tried to milk their base and it's really unfortunate. I hope I don't see people defending this, but I haven't looked through the thread yet.
It is definitely expensive than quest… the screen alone is more expense.
It is more advanced too.
D
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Buying a car brand new car off the lot...diminishes immediately.
Buying a ps5 period, STONKS!.... PLENTY OF STONKS!
Buying a ps5 period, STONKS!.... PLENTY OF STONKS!
PS5 is gonna keep selling out either way, I don't see how this is actually a "bad move".. slight PR hit, but PS is too dominant/desirable to really have these PR hits matter.
@ethomaz : Yeah @Shmunter seems to be thinking the headless aspect makes it dramatically more expensive.
The problem with that logic is that Facebook is DEEPLY subsidizing Quest 2. The exact same hardware is sold for $799 for their "business version" that isn't expected to sell software.
So w/ better overall hardware, even with a lack of a competent CPU/GPU on-board for headless operation, it's unlikely PSVR2 is going to be able to be priced lower than $399, and that will be at a loss.
$499 all things considered is in the cards.
@ethomaz : Yeah @Shmunter seems to be thinking the headless aspect makes it dramatically more expensive.
The problem with that logic is that Facebook is DEEPLY subsidizing Quest 2. The exact same hardware is sold for $799 for their "business version" that isn't expected to sell software.
So w/ better overall hardware, even with a lack of a competent CPU/GPU on-board for headless operation, it's unlikely PSVR2 is going to be able to be priced lower than $399, and that will be at a loss.
$499 all things considered is in the cards.
What do you think the motivation for the "buy a Series S, get one of these games for free?" promotional deal going on ATM was motivated by? It's still weird to me because it's only the tail end of August; maybe it's driven by back-to-school stuff but they could've just offered a discount for students for that.
Personally I think it's because Series S sales were lagging the past quarter or so and they needed a way to bump up demand for more sales of that model. Second option could be they're wanting to push Xbox sales before GOW Ragnarok, some other PS exclusives hit in the Fall and PS5 supply increases even further.
Personally I just feel it could've been more strategic. Like, just copy what Microsoft are doing right now with Series S promotion deals, and offer some bundles with big 3P games included at some higher cost.
How much do those custom plates cost? Just do bundles with PS5s featuring those and some game for the cost the price hikes end up being, and make those the majority of new units for a while.
That's too cheap, and might create a supply shortage and another product for scalpers to buy up and then ripoff the fans at grossly marked-up prices. They'll probably price it same as the Quest or $50 cheaper at most.
They probably want some headroom for further price drops when needed so starting too low would be a detriment.
Overall I think for shareholders and vast majority of fans, Jim's doing his job well. And, he still has to do many things for higher-ups, FWIW.
But some of the stuff listed here, you think we should maybe thank Shawn Layden for instead? Or at least primarily? Layden left late 2019, he would've been the one overseeing Demon's Souls Remake, R&C Rift Apart, Returnal etc. not to mention TLOU2, GOT, Sackboy, Miles Morales and the such. Those were all games being developed mainly under his tenure.
Jim Ryan didn't take over until most of those games were either more or less finished, or close to that point. I think games like GT7, HFW, and GOW Ragnarok will be more reflective of 1P under Jim Ryan's management specifically, and certainly releases further out than that like Spiderman 2 and Wolverine.
What I do know, tho, is it's under Jim Ryan where we've seen a much bigger push for PS games to PC, and mention and plans for live-service/GaaS 1P content, things that are still quite "new" to the modern PS fanbase. The current management running PlayStation have made mention they're going to do a balance of that new stuff with the traditional they are known for, somewhat in favor of the latter. But they should probably start readying to tip their hand a bit more with a bit more of the roadmap for the traditional stuff in the near future.
I'm hoping there's a glimpse of it at the next big showcase. We're good on PC ports, we're good on peripherals, we're good on services, we're good on the live-service/GaaS plans for now. I think a lot of us want a tease towards the next new 1P AAA IP in the leagues of an Uncharted/TLOU/GOW/Spiderman. Some of us want to see classic/legacy IP come back with new entries or remakes. A lot of us want to see a bit more on some of the 3P exclusives.
And of course some updates on GOW Ragnarok, Factions and probably Spiderman 2 as well, but those would be expected.
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Supply certainly outpaces demand for Series S. I think they produced a lot, and well.. just want to increase demand like you said.
MS has to manage the production rate of X vs S, and have talked about the balance.. they probably have a chance to switch the balance back to X for a while now that Series S has just been so "in stock" for so long.
My point was that it is moving units... it's why MS can be ahead on unit sales and lose the revenue race different months vs. Playstation. It's out there on shelves, but that's partly because MS is replenishing stock that was sold.
Series X isn't really on shelves yet, but has enough stock to be sort of indefinitely online... if they shift production more to X we might see it start sitting on shelves too.
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