Rumors Confirmed: PS5 Price Drop Hits Europe

Rumors of Sony temporarily slashing the price of PS5 were true as an official price drop is now live in some regions including Europe. A price cut is also expected to go into effect in the U.S. but isn’t live at the time of this writing.

PS5 Price Cut Paving the Way for a Revised Model

Exciting news for PlayStation fans! Both PS Direct and Amazon U.K. have announced a significant price reduction for the PS5 disc edition. Now available for £404.99 and £399.99 respectively, down from £479.99, this price drop has sparked a wave of excitement among gamers. It doesn’t end there; leading retailers such as Argos and Currys are also following suit, offering the console for just £399.99. According to PS Direct, this incredible offer is valid until August 10.

While we eagerly await confirmation, leaks suggest that a $50 price drop for the PS5 is imminent in the U.S. Hold on tight, American gamers!

But why the sudden price cut? Well, whispers in the gaming community point towards Sony making room for a revised model. The existence of this new model is yet to be confirmed or denied by Sony, but that didn’t stop them from celebrating an impressive milestone. Just yesterday, Sony announced that a staggering 40 million units of the PS5 have been sold worldwide since its launch.

“We continued to face headwinds with the pandemic, and it took months for supply chains to normalize so we could have the inventory to keep up with demand,” wrote PlayStation’s Jim Ryan. “Now PS5 supply is well-stocked and we are seeing that pent-up demand finally being met.”