Rumor: PS5 Getting Temporary Price Cut in the US, UK, and Germany - News

by William D'Angelo , posted on 03 August 2023 / 7,790 Views

It looks like the PlayStation 5 might be getting a temporary price cut in the United States, United Kingdom, and Germany. This is according to data miner Billbil-Kun, who has been correctly leaking the PlayStation Plus games since 20021.

The PS5 recently saw a temporary price cut in Spain, Portugal and France and the leaker claims the price will discounted soon in the US, UK, and Germany for a temporary amount of time.

In the US, the price of the PS5 will be reduced by $50 to from $500 to $450, in the UK it will be reduced £75 from £480 to £405, and in Germany it will be reduced by €75 from €550 to €475.

The temporary price reductions on the PS5 will be available on PlayStation Direct and select retailers like Amazon, Target, Game UK, and MediaMarkt.

Sony Interactive Entertainment in August 2022 did increase the price of the PS5 in Europe, UK, Japan, China, Australia, Mexico, Canada, Singapore, Malaysia, Indonesia, Thailand, Philippines, and Vietnam.

PlayStation President and CEO Jim Ryan at the time stated, "The global economic environment is a challenge that many of you around the world are no doubt experiencing. "We’re seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries. Based on these challenging economic conditions, SIE has made the difficult decision to increase the recommended retail price (RRP) of PlayStation 5 in select markets across Europe, Middle East, and Africa (EMEA), Asia-Pacific (APAC), Latin America (LATAM), as well as Canada. There will be no price increase in the United States."

A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.

24 Comments

VAMatt (on 21 July 2023)

It would make sense to me to see this price cut happen in the fall for the holiday season. It would also make sense to me to see the price cut become permanent.

DonFerrari VAMatt (on 22 July 2023)

There is a lot of time still to make a temporary 50 discount now to free inventory for the PS5 Slim, give couple months of PS5Slim at full price, make a holiday discount for the slim and a few months into 2024 make that the new price and end of 2024 the pro launch. Both MS and Sony have done similar things last gen.

VAMatt (on 21 July 2023)

$350 diskless?

scrapking VAMatt (on 21 July 2023)

I doubt it, more likely clearing the current disc-equipped model from the supply chain. There probably aren't a lot of disc-less ones currently in the supply chain, I'd guess.

VAMatt scrapking (on 22 July 2023)

I don't think they need a price cut to clear the supply chain. PS5s are no longer hard to find, but there aren't giant stockpiles of them sitting around either.

scrapking VAMatt (on 22 July 2023)

They may need a price cut to clear the supply chain if a new PS5 Slim is more desirable in size/looks/price/value/whatever than the current system.

LivncA_Dis3 (on 22 July 2023)

Well well well let's see more ps5 sales surge!

JRPGfan (on 22 July 2023)

Gotta make way for the PS5 slim... diskless version... right? This has to be them just clearing out stock before hand.

kazuyamishima (on 21 July 2023)

The PS4 had it’s first price cut on October 2015, almost two years after launch from $400 to $350.

The PS4 Slim was launched almost 3 years after launch for $300.

It’s been 2 years and 9 months and no official price cut for the PS5

I’ll be very surprised if They reach their forecast of 25m. without any price cut or Slim.

CosmicSex kazuyamishima (on 23 July 2023)

It seems more likely that the 25 million forecast includes consideration of a price cut and a Slim model.

Radek (on 21 July 2023)

This needs to be permanent cut and for all countries. We are 3 years in!

Garrus Radek (on 21 July 2023)

$450 USD everywhere, now!

holzi (on 24 July 2023)

At many retailers in Austria, the PS5 disk edition is already sold at ~530€ instead of 550€. It's even lower on Amazon at ~460€, almost the same price as the digital edition. Sales generally don't look that impressive on Amazon so that might be the reason for lowering the price.

CosmicSex (on 23 July 2023)

This is according to data miner Billbil-Kun, who has been correctly leaking the PlayStation Plus games since 20021.

This is impressive for a whole host of reasons least of all the time traveling involved lol

siebensus4 (on 22 July 2023)

Reducing the price makes sense, because the Dollar/Euro exchange rate is currently on the same level which it was between 2015 - July 2022. 1 $ is currently 0.90 Euro (back from parity).