Sony is raising PlayStation 5 prices in the United States by $50 per model starting August 21. The standard PS5 with a disc drive now costs $549.99, the Digital Edition runs $499.99, and the PS5 Pro sits at $749.99.
The company pointed to a “challenging economic environment” as the reason behind the increase. This marks the first time Sony has raised PS5 prices in the U.S. market since the console launched in November 2020.
The timing stings for potential buyers. Console prices typically drop as a generation matures, not climb higher. The PS5 launched at $499.99 for the disc version and $399.99 for the Digital Edition. Now, nearly four years later, both models cost more than their original launch prices.
This isn’t Sony’s first round of PS5 price hikes globally. Back in 2022, the company raised prices in Europe, the UK, Japan, China, Australia, Mexico, and Canada. The U.S. dodged that bullet thanks to what Sony described as favorable market conditions at the time. Not anymore.
The Digital Edition has taken the biggest hit over time. Originally $399.99, it jumped to $449.99 when the Slim model arrived in late 2023. Now it’s hitting $499.99—matching what the disc version cost at launch.
When your console costs more than a graphics card
The PS5 Pro at $749.99 puts it in uncomfortable territory. That’s serious PC gaming money, enough for a decent graphics card that would outlast the console generation. Sony’s betting that improved 4K performance and better ray tracing justify the premium, but the sticker shock is real.
For gamers still hunting for a PS5, the window for old pricing closes fast. Retailers will update their systems on August 21, though some existing bundles might stick around briefly at current prices. After that, everyone pays the new rate.
