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Sony raises PlayStation 5 prices in US as tariff fears persist
The Japanese technology giant cited economic challenges as it raised prices for the consoles by around $50.
The price hikes come after US President Donald Trump imposed tariffs on most of America's trading partners, including Japan, which has led to fears of rising costs. Sony raised console prices in the UK and Europe earlier this year, citing high inflation and fluctuating exchange rates. "For some imported goods, tariff rates are significantly higher today than they were at this time last quarter," the firm's finance chief Richard McPhail told the Wall Street Journal.
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