Sony hikes PlayStation 5 prices due to chip shortages

Sony is increasing the price of its PlayStation 5 consoles in the US by $100 to $150, marking another price hike within months. This surge is attributed to ongoing shortages of memory and storage chips, which have impacted various consumer electronics. Demand from AI data centers has diverted production capacity towards specialized AI chips, exacerbating the scarcity for consumer markets. Manufacturers indicate sold-out capacity through 2026, suggesting these elevated prices and supply constraints are likely to persist for the foreseeable future.