Price increases for the PS5 could be on the way for consumers due to increased costs of RAM and storage components, which is a direct result of several factors, including big brands exiting the consumer segment to focus on AI data centers, and prices going up for those components, creating a short supply and rising demand. Price increases for the PS5 have popped up before. Sony raised the price of the console in some markets last year.
However, new changes to the cost would be due to the RAM shortages. It has already reportedly had an impact on Sony’s planned launch for the PS6, which is now potentially coming as late as 2030. One thing Sony will have to do to deal with that delay is pump out more PS5 units for people to buy. To manufacture those, of course, Sony will need the RAM and storage.
That is likely to cost Sony more money now. So, it might have to raise prices to offset the higher cost of making the consoles. There is good and bad news in all this. Sony is said to have a plan in place to minimize those increases. However, it would potentially come at the cost of monetizing the existing console owners.
Sony plans to minimize PS5 price increases by monetizing the installed base
Sony recently discussed its plans moving forward for dealing with the price increases, and it reportedly focuses on those who already own a PS5. Monetizing the installed base and continuing to focus on growing the software and network services revenue.
The latter part of that plan seemingly revolves around Sony’s games and Sony’s monthly services. Which, for PS5 owners, very well has to do with PS Plus. Sony already raised the prices for PS Plus a few years ago. PS Plus Premium costs $160 a year if you do the annual subscription. It’s not cheap. If the price of that goes up, PS5 owners probably wouldn’t be very thrilled. You need PS Plus for a majority of the online games if you want to engage in multiplayer. Games like Call of Duty: Black Ops 7, Battlefield 6, and the like are examples of this.
The other part of Sony’s plan would seek to grow software revenue. Sony’s software revenue comes from games, so it’s likely that Sony is looking at possibly increasing the price of game titles. Either that, or it must have a plan in place to sell more units instead of raising the price per unit. For now, Sony hasn’t confirmed specific details, but gamers should be on the lookout for price jumps regardless.
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