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Dubai News Club > Tech > Sony’s PS5 sales plummet amid price rises and a memory crisis
Tech

Sony’s PS5 sales plummet amid price rises and a memory crisis

Press Room
Last updated: 2026/05/08
Press Room
Published: May 8, 2026
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Sony sold just 1.5 million PS5 consoles in its most recent fourth fiscal quarter, down 46 percent year over year. The slump in PS5 sales comes after Sony raised the price of its PS5 consoles twice over the past year, pushing the price of the regular PS5 from $499.99 all the way up to $649.99.

Sony blamed “continued pressures in the global economic landscape,” for the price hikes in March, amid an ongoing memory crisis and pressure from the war in Iran. Sony now forecasts that annual…

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