PS5 Slim Canceled – PS5 price increase to blame

  • 2022.08.05
  • PS5

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Accolades Gone:
Sony will be retiring PS5’s Accolades feature later this year, as players have not used the awards-based system as much as the company anticipated when it was unveiled at launch.

As reported by TheSixthAxis, Sony announced in a statement that they would be pulling the plug on the Accolades feature in the coming months because uptake has been low amongst PS5 users.

“In fall of 2022, the Accolades feature on PlayStation 5 will no longer be supported,” the statement read. “The feature hasn’t seen the level of usage we anticipated, so we are refocusing our efforts. We encourage the community to continue to send positive messages to one another.”

PS5 Increase:
Sony Interactive Entertainment is hoping it’ll be less of a challenge to get a PlayStation 5 this holiday season, thanks to what it called a “significant improvement” in the supply chain. The company plans to increase its production of PS5 consoles ahead of the holidays, Sony said in its most recent financial earnings report published Friday.

Overall, Sony’s gaming business is down, as game sales were slow while PS5 consoles have been limited in production due to supply chain issues and recurring COVID-19 lockdowns in China. Sony still intends to sell 18 million PS5 consoles in the 2022 fiscal year, and said it’s working to increase supply ahead of the holidays.

“While we stand pat on our projection of selling 18 million units of PS5 this fiscal year, conditions surrounding PlayStation 5 are improving,” chief financial officer Hiroki Totoki said during an investor call, as reported by Bloomberg. “We plan to front-load shipments for the year-end shopping season.”

PS5 Price Increase:
Could a PlayStation 5 price hike actually happen? Plus, exciting Steam Deck news, a Genshin Impact 3.0 tease and new updates to the Analogue Pocket on today’s GameSpot News.

The PlayStation 5 is flying off store shelves, but–due to supply chain issues and other factors–the system has not been able to match the sales success of the PlayStation 4 thus far.

Sony’s latest earnings briefing shows that the PS5’s lifetime has reached 21.7 million since launch in November 2020. The PlayStation 4, by comparison, reached 25.4 million units after its first seven quarters on the market.

During a call with investors, Sony was asked about a potential PS5 price increase, something the company has done in Japan with other products, including speakers, headphones, and cameras, due to various factors

According to VGC’s translation of comments made CFO Hiroki Totoki, Sony isn’t prepared to comment on the possibility of a PS5 price hike. “About a potential price increase for the PS5, at this point in time there is nothing specific I can share with you about prices,” the executive said.

While a price increase would be an unprecedented move for a console, we did just see this happen with the Meta Quest 2, which it itself is getting a $100 price hike in August.

If you’ve been struggling to get your hands on a PlayStation 5, and have been eyeing a Steam Deck, some great news from Valve! The company put out a statement that it will be able to meet demand sooner than estimated, and that anyone with a current reservation will be receiving their handheld by the end of the year.

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