Why did the Price of Ps5 Go up?

Why Is PlayStation 5 So Expensive? (Top 10 Reasons)

In order to make up for that higher cost, they have to charge more for their PlayStation 5 than they did for previous consoles. One of the leading reasons these costs have gone up so dramatically is the chip shortage that has been all over the news.

Why did PS5 Prices Increase?

Nintendo could be setting a precedent for increasing prices across the gaming industry with its new Nintendo Switch OLED coming in at a higher price point. The long term effects of this could result in a PS5 price increase as demand remains high and consumers show they are willing to pay more.

Did PS5 Prices Go Up?

StockX claims that at its peak the PS5 was being resold for around $1,000 on Black Friday weekend last year. However, in September 2021 its being sold on average for around $715. Of course, thats still a big increase on the consoles standard retail price of $499 for the disc model and $399 for the digital edition .

Will PS5 Go down in Price?

Given the immense popularity and scarcity, we certainly wouldnt expect any sort of price drop for the next few years though. And even though the PS5 Digital Edition is still a fair bit more than the Xbox Series S price, its not bad going considering the fact that this is the same PS5 console bar a disc drive.

Why is PS5 Selling for 1000?

Right now, PS5 disc editions are going for around $1,000 due to scalpers cleaning up the market and jacking up prices beyond the original $500 retail price. There is still a digital version available but it's also marked up although it's out there for less than a grand.