Sony slashes PS5 prices as Nintendo and Xbox hike console costs

Sony has announced that it will be lowering prices for the PlayStation 5 amid the Nintendo Switch 2 release and Xbox console price hike.

Sony announced their Days of Play 2025 is kicking off on May 28 with deals for consumers.

Sony will be selling their PlayStation 5 console with Call of Duty 6 bundle for $399.99, a $119.99 discount on the average sale price.

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Other discounts Sony announced will be $50 off PlayStation 5 Pro consoles, $30 off the PS VR2 headset and bundle, $30 off DualSense edge controllers and more.

While Sony annually hosts their Days of Play event, this one comes during a time of questions in this current gaming console generation.

Microsoft and Nintendo have both made major announcements themselves, but nothing about lowering the prices of their consoles.

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In fact, Microsoft recently announced on May 1 that they will be raising prices across the board on consoles and games.

Their Xbox Series X — the current console generation rival to the PlayStation 5 — was priced at $499.99 prior to the May 1 increase to $599.99.

Meanwhile, overseas, Japan-based Nintendo is still accepting pre-orders for their Switch 2, which is set to release on June 5.

The Switch 2 will be sold at $449.99, which is up $150 from the original Switch. 

Game prices will also be jumping up in price going from $59.99 to $79.99.

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The sale for the Days of Play 2025 will go until June 11.

Nick Butler is a reporter for Fox Business. Do you have any tips? Reach out to [email protected].