PlayStation Prices Rise As US Tariffs Bite

US tariffs have left companies like PlayStation-maker Sony to choose whether to pass higher costs on to consumers or take a hit to their profit (Credit: AFP)

Sony on Wednesday said it is bumping up the price of PlayStation 5 video game consoles by $50 in the United States due to a "challenging economic environment."

Tariffs imposed by President Donald Trump hike the cost of goods brought into the US, leaving companies like Japan's Sony to decide whether to pass that on to consumers.