Sony has raised the price of its PlayStation 5 consoles being sold in the United States by $50 due to a challenging economic environment.

Sony will raise prices of its PlayStation 5 consoles in the United States by around $50 from Thursday, as the Japanese conglomerate navigates a slow recovery in the videogame market while U.S. tariffs threaten to raise costs.

Sony is increasing the price of its PlayStation 5 consoles in the United States by $50, citing ongoing economic challenges.