US EditionHere’s Why PS5 Console Rentals Are Booming in Japan
- Fans are renting PlayStation 5 consoles heavily, with Geo reporting that about 80 percent of its PS5s are currently loaned out.
- Geo increased its rental offerings due to rising PS5 prices, which have jumped from 66,980 yen to 79,980 yen because of inflation and weak exchange rates.
- Geo charges 980 yen per week to rent a PS5, making it an affordable option compared to U.S. Competitors like Rent-A-Center, which charges $26 a week.
- Rentals allow people to enjoy costly items at home, and it is a signal that game rentals could become more popular again.
12 Articles
12 Articles
Here’s Why PS5 Console Rentals Are Booming in Japan
In Japan, renting a PS5 console has suddenly surged in popularity in recent months. Why are people opting to rent rather than buy Sony’s current gen hardware? The answer is complex, involving console price hikes, a super popular game series, and a particular Japanese retailer’s successful and well-timed new service.In February, Japan’s GEO Corporation — a chain of around 1,000 stores that rent and sell movies, music and games, began giving custo…
Want a New Console Without Having to Shell Out Hundreds? PS5 Rentals in Japan Prove the Idea Has Merit
I’m going to age myself by saying this, but remember stepping into Blockbuster or Movie Gallery to rent a console? Back in my day, I had to walk uphill both ways to try out a new game, and have it returned within five days or be forced to pay more. And while I tend to my knees that are officially popping and crackling like a bowl of Rice Krispies in milk, it seems that Japan is seeing much success in the same practice. So much so that they’re ha…
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