What PS5’s Price Increase Means for Xbox Series X and Nintendo Switch

Given the times we live in, this move is not surprising. You’ve no doubt noticed the price hikes of everything over the past few months, and many of those raising their prices cite the same (or similar) economic factors as the PlayStation. Meta also raised the price of the Quest 2 headset by $100 earlier this month. At the risk of boring you with an economic lecture I don’t feel fully qualified to give, it’s safe to say that times are tough at the moment.

Advertisment

In the grand context of video game history, however, this move is truly surprising. Try as I might, I couldn’t find another instance of a major console manufacturer actually raising the price of their flagship console like this and for this reason. The price of a new console will of course go up if its manufacturer releases a special edition of that hardware or some kind of new bundle, but we’re used to seeing console prices go down as the hardware ages rather than going up.

This already unfortunate turn of events is further complicated by the fact that Shortage of supply Still holding back a lot of people from buying a PS5 at its MSRP (be it the previous retail price of new). Indeed, many gamers have already resorted to paying inflated prices for the PS5. Secondhand markets. Obviously, you can expect the price of the PS5 to increase further through those channels as well as a result of this latest decision.

Read Also:   Who Are Dan and Renate Maslany? The Facts You Need To Know About Tatiana Maslany Parents

There’s a lot to say about the PS5’s price hike, and we’ll undoubtedly have more to say about it as the situation unfolds in the coming weeks and months. However, if this news has you wondering if this means Nintendo and Microsoft intend to raise the retail prices of the Switch and Xbox Series X/S, you’re not alone.

As far as that goes, the first thing you need to know is that we can really only speculate about the long-term intentions of Microsoft and Nintendo. At the time of this writing, neither company has increased the price of their consoles or definitively indicated that they intend to do so in the future.

However, that doesn’t mean they haven’t addressed the topic in the past. Earlier this month, Nintendo president Shuntaro Furukawa said that Nintendo No intention Increase the price of any version of the Nintendo Switch. They’ve reduced the size of the Switch’s packaging in an attempt to lower the console’s shipping/manufacturing costs, but they seem genuinely interested in keeping the Switch’s prices where they are.

Danofgeek