India, March 27 -- Sony Group announced a fresh round of price increases for its PlayStation 5 lineup, marking the second hike in under a year as rising component costs continue to pressure the gaming giant. Rumors about Sony canceling Spider Man also surfaced this week.

Starting April 2, US consumers will see a sharp jump across the PS5 range:

Standard PS5: $649.99 (up from $549.99)

Digital Edition: $599.99

PS5 Pro: $899.99

PlayStation Portal: $249.99 (previously $199.99)

The increases will also extend to markets in Europe and Japan.

The primary driver behind the hike is the increasing cost of key components, particularly memory chips. The global push toward artificial intelligence infrastructure has shifted supply priorities, wit...