Technology

Sony reduces Playstation 5 suggested price in Brazil after reduction in industrial products' tax

The company said that the two versions of the console will be BRL 300 cheaper than before

12/09/2019 REUTERS/Issei Kato
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  • The model with disk player now costs BRL 4,699;
  • The PlayStation 5 will be released in Brazil on November 19.

Sony announced on Tuesday that it had reduced the suggested price of its PlayStation 5 console in Brazil reflecting a government reduction decree of the tax on industrial products (IPI, in the acronym in Portuguese) on video game consoles, accessories, and games

The company said that the two versions of the console will cost less BRL 300 in its suggested price. The model with a disc player now costs BRL 4,699, while the digital edition will cost BRL 4,199.

The DualSense control also had a reduction in its suggested value, costing BRL 469, against BRL 499 previously. The PlayStation 5 camera costs BRL 419, from BRL 449 before the IPI reduction.

READ ALSO: Brazilian government reduces taxes on videogames and gaming accessories (again)

“The suggested price reduction takes effect immediately and will also cover those who have already pre-ordered,” Sony said in a statement.

Last Thursday, President Jair Bolsonaro published a decree that cut IPI on consoles, accessories, and video games for the second time in his mandate.

The PlayStation 5 will be released in Brazil on November 19, a week after its launch in the United States.

READ ALSO: Sony in talks with AT&T to buy Crunchyroll for more than $950 million: Nikkei

Last week, Microsoft also lowered the suggested price for its next generation of consoles. The Xbox Series X will be sold at BRL 4,599, from BRL 4,999 before the IPI reduction, while the Series S model, with less processing capacity, started to cost BRL 2,799, against BRL 2,999 previously. The consoles will be launched in Brazil on November 10.

(Translated by LABS)

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