Sony Hikes PlayStation 5 Prices Amid Supply Chain Woes

Sony is raising prices for its flagship PlayStation 5 console in the United States, marking the second time in just over a year that the tech giant has implemented such a move. The price hikes, ranging from $100 to $150, come as the broader consumer electronics industry grapples with persistent memory and storage shortages that have led to product scarcity and higher costs across the board.

The ripple effects of these supply chain challenges, which first started hitting PC components late last year, have steadily spread to a wide range of consumer tech products. Some items have disappeared from the market, gone out of stock intermittently, or been delayed, while others have undergone multiple rounds of price hikes.

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In its announcement, Sony cited the