Bad news loves company - just as Sony released its latest financial report and projections, which confirmed the impact that the Grand Theft Auto 6 delay has had on the company's sales forecast, the industry-leading console manufacturer also confirmed another unfortunate bit of news: PlayStation 5 price hikes are coming.
Sony CFO Lin Tao spoke to investors as part of the company's latest earnings call, revealing that it's contemplating "passing on" the impact of the tariffs to consumers to minimize its effect on the company's bottom line. Tao didn't specifically mention which products will be affected first, but given that the PlayStation is one of the company's best-performing products, it doesn't take an expert to tell.
Tariff-induced price hikes have unfortunately been common in recent months following the implementation of tariffs by US President Donald Trump earlier this year. Nintendo and Xbox were the first to the party and others are expected to follow suit. While not tariff-related, Sony has also previously increased the price of the PS5 this year, although not to the same extent as the Xbox Series S/X and only in select territories such as UK, Europe, Australia, and New Zealand.
