With Microsoft raising the prices of Xbox hardware and just the general rise in costs in the industry, we all knew it was only a matter of time before the Playstation 5 hardware would follow. While it hasn’t happened yet, we now have confirmation that Sony is considering it.
During an investor focused Q&A, executives at Sony talked about the impact of President Trump’s Tariffs. Chief Financial Officer Lin Tao estimates that the company will be effected 100 billion yen (approximately $685 million)from the tariffs. That is if the tariffs announced stay in place.
Tao had this to say in regards to the tariffs, “we are not just simply calculating the simple tariff to come up with 100 billion yen, but thinking about the currently available information, and also looking at the market trend, we may pass on to the price, and also shipment allocation,"Â
Tao summarized by saying, "So we are taking different measures in managing to come up to the 100 billion yen impact.".
When talking about the possibillity of making Playstation 5s in the U.S. to avoid tariffs, Sony CEO Hiroki Totoki had this to say.
"These hardware of course can be produced locally," Totoki continued, "I think that would be an efficient strategy. But PS5 is being manufactured in many areas. Whether it's going to be manufactured in the U.S. or not, it needs to be considered going forward. We are not in such a critical situation."
Do you think they will move production to the U.S. or raise the costs of hardware? Let us know what you think in the comments!
