Sony slashes PS5 prices as Nintendo and Xbox hike console costs

Sony has announced that it will be lowering prices for the PlayStation 5 amid the Nintendo Switch 2 release and Xbox console price hike.Sony announced their Days of Play 2025 is kicking off on May 28 with deals for consumers.Sony will be selling their PlayStation 5 console with Call of Duty 6 bundle for $399.99, a $119.99 discount on the average sale price.NINTENDO SWITCH 2 DODGES TARIFFS, HITS PREORDER SHELVES NEXT WEEKOther discounts Sony announced will be $50 off PlayStation 5 Pro consoles, $30 off the PS VR2 headset and bundle, $30 off DualSense edge controllers and more.While Sony annually hosts their Days of Play event, this one comes during a time of questions in this current gaming console generation.Microsoft and Nintendo have both made major announcements themselves, but nothing about lowering the prices of their consoles.MICROSOFT WILL LAY OFF NEARLY 6,000 EMPLOYEES IN PUSH FOR EFFICIENCYIn fact, Microsoft recently announced on May 1 that they will be raising prices across the board on consoles and games.Their Xbox Series X — the current console generation rival to the PlayStation 5 — was priced at $499.99 prior to the May 1 increase to $599.99.Meanwhile, overseas, Japan-based Nintendo is still accepting pre-orders for their Switch 2, which is set to release on June 5.The Switch 2 will be sold at $449.99, which is up $150 from the original Switch. Game prices will also be jumping up in price going from $59.99 to $79.99.GET FOX BUSINESS ON THE GO BY CLICKING HEREThe sale for the Days of Play 2025 will go until June 11.Nick Butler is a reporter for Fox Business. Do you have any tips? Reach out to Nick.Butler@Fox.com.Weiter zum vollständigen Artikel bei FOX Business Weiter zum vollständigen Artikel bei FOX Business