Newscast: Sony reluctantly raises PS5 price, but knows it can get away with it

Sony has announced a shock price rise for the PlayStation 5, and in a Eurogamer Newscast special, we're here to discuss why the company has pulled this undoubtedly unpopular move - and why it's likely to get away with it. Will Sony sell fewer PS5s as a result? It seems unlikely. But it's more pressure on PlayStation, which has already had to defend its £70/$70 price point for games - including the upcoming The Last of Us: Part 1 remaster - and just this week announced an expensive-looking new PlayStation 5 controller. At a time when all of us are looking at our bank balance's bottom line, an extra £30 to buy a PS5 marks not just an unprecedented decision by Sony, but a troubling sign of the times. Will Microsoft now feel emboldened to follow suit, or soak up any extra costs as a point of difference? Tom Phillips, Ed Nightingale, Victoria Kennedy and Ishraq Subhan discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices

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All of Eurogamer's podcasts under one roof. Subscribe here for the weekly Newscast show, the in-depth interview series One-to-One, and the occasional one-off. Newscast is hosted by Eurogamer editor-in-chief Tom Phillips, and discusses the biggest goings-on in games. And One-to-One is hosted by associate editor Bertie Purchese, who finds fascinating people from around the world of games to talk to. Find out more about supporting Eurogamer on the website: https://www.eurogamer.net/subscribe