Sony hikes PlayStation 5 price by 25% as Trump tariffs bite

News Snapshot:

Sony has increased the price of its PlayStation 5 by 25% as the video game industry reels from the impact of Donald Trump’s tariffs. The Japanese game developer said it had made the “tough decision” to raise the price of the console’s digital edition to £429.99 in the UK and €499.99 in Europe, starting from Monday. There will be no price change for the standard PS5, which comes with a disk drive. The company cited “a challenging economic environment, including high inflation and fluctuating exchange rates” behind its decision to increase the retail price of the PS5 in some markets...