Key Takeaways Sony announced price increases on PS5 consoles in Europe, Australia and New Zealand.The company cited a "challenging economic environment," but did not mention the Trump administration's tariffs directly.

Sony said it will hike the price of its PlayStation 5 (PS5) console in markets in Europe, Britain, Australia and New Zealand, citing high inflation and fluctuating exchange rates.

Sony said it has made the “tough decision” to raise prices against the “backdrop of a challenging economic environment.”