Has this ever happened before? A console getting more experience in so many large territories? I can't remember it happening.
| JackHandy said: Has this ever happened before? A console getting more experience in so many large territories? I can't remember it happening. |
Canada is pretty large. PS4 started at 399 and was 499 at the end of the gen... Exchange rates.
The US dollar doing very well now is likely the reason the US doesn't see a price increase. USD is worth 25% more now against the Yen. A year ago 1USD was 109 Yen, Today it's 137 Yen, 1.25x as much. So if anything, Sony should lower the price of the PS5 in the US... It seems all currencies are falling against the USD, or rather the USD is outpacing them all.
Apart from currencies fluctuating in value, has it ever happened before that world wide inflation rates were this high?
MS must be feeling it as well, high USD value means less income from foreign sales. Yet MS only cares about gamepass numbers nowadays, still in the customer acquisition phase. And of course paying foreign devs for putting games on gamepass becomes less expensive with higher USD value. MS' huge war chest is only getting worth more compared to other currencies.
not like you could get them at that price anyway
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I got mine on release day, but feel for consumers who cannot get it at a lower price.
Is it still worth the higher price though? Absolutely. It's a great machine... And I am sure demand will still outstrip supply in the short term even with the increase.
One effect it may have is that Microsoft may receive a few extra sales as there is a little bit of negative (and rightly so!) sentiment around the price hike.
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| SvennoJ said: I was just wondering where my post went. I still had the tab open The pandemic fallout goes on, prices are up across the board, fuel prices especially which has more to do with Russia. Our inflation rate in Canada is now over 8%. The only reason USA is exempt is ebcause the US dollar gained more in value than the increase in inflation rates. 1 US dollar was 123 yen start of 2021, now its 136 yen, outpacing the inflation rate increase. Sony announced that the digital and standard PS5 models will see price increases in Australia, Canada, China, Europe, Japan, Mexico, and the UK. You can find the new prices below.
For what it’s worth, the European pricing was previously pegged at €399 and €499 respectively. Meanwhile, the UK price was originally set at £359 and £449. |
So in Europe and Uk is actually cheaper than in the US they just have higher sales tax. Florida something that is 500 you end up paymg 535 after sale tax is added. It is higher in New York and California but lower in Virginia for example as it varies by state.
SvennoJ said:
I edited it in after you quoted Converted to US dollars PS5 is So Mexico is overpaying (unless tax is added there to), Japan is getting a deal. (Least shipping costs, no import duties) |
Australia has an included tax of 10% and Mexico an included tax of 16%.
| the-pi-guy said: For the most part, most of these countries are just being put in line with the US price. Which I get, but doesn't change that it sucks for people in those markets. But, why is Mexico so expensive? Is it an import issue? |
IT DOES SUCK, but the problem is that the system is sold out, they won't have problems trying to sell the console at the new price.
As for Mexico, it seems that taxes (IVA) and higher import taxes make electronics more expensive than, lets say, the US.
May- Maybe Sony is actually as bad as people say they are :o.
I think Sony is trying to practice the financial discipline they learned from the PS3 era, which is don't lose too much money on hardware.
They had to weigh the effect of this bad PR vs the effect on their bottom line. I think it is reasonable due to the currency fluctuations as of late but it still sucks for those on the outside looking in.
This coupled with the recent lawsuit over digital game prices in the UK definitely paint Sony in a bad light.
I think the sales will still be fine though.
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