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Tech Prices Soar: Today's Gadgets Cost More Than Ever
3 Apr
Summary
- Consumer electronics prices have risen significantly in recent years.
- Mid-cycle price increases are becoming more common for electronics.
- A PlayStation 5 model now costs $1000 in Australia, up from $750.
The trend of decreasing technology prices over time has reversed. In recent years, popular consumer electronics, including laptops and smartphones, have seen substantial price increases. For example, Samsung's Galaxy S26 smartphone is priced $300 higher than its S22 predecessor.
Manufacturers are increasingly resorting to mid-cycle price hikes, raising costs for existing models before the next product launch. This pricing strategy was exemplified by Sony's recent increase of its PlayStation 5 price in Australia to $1000. This console originally launched in 2020 with a price tag of $750.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
