India, Aug. 21 -- Sony has increased the price of PlayStation 5, PlayStation 5 Digital Edition, and PlayStation 5 Pro by $50. This comes after Xbox and Nintendo announced a hike.

"Similar to many global businesses, we continue to navigate a challenging economic environment," Sony stated in a blog post on Wednesday, August 20. It added, "As a result, we've made the difficult decision to increase the recommended retail price for PlayStation 5 consoles in the US starting on August 21."

The price changes follow the US President Donald Trump's announcement of sweeping tariffs on imports from global manufacturing hubs, including China and Japan, which has led to fears of supply chain disruptions and increased material costs, according to Reut...