IBOV 171,201.60 ▼ 0.41% IPSA 11,404.17 ▼ 1.16% IPC MEX 65,770.85 ▲ 0.06% MERVAL 2,973,262 ▼ 0.73% COLCAP 2,500.09 ▼ 0.42% BVL PERÚ 60,117.56 ▼ 0.21% USD/BRL5.15▼ 0.12% USD/MXN16.94▼ 0.07% USD/CLP911.03▼ 0.20% USD/COP3,085▲ 1.35% USD/PEN3.35▼ 0.13% USD/ARS1,511▲ 0.07% USD/UYU40.18▲ 1.06% USD/PYG5,968▲ 0.82% USD/BOB11.47▲ 0.68% USD/DOP58.01▲ 0.07% USD/CRC447.25▲ 0.82% USD/GTQ7.62▲ 2.02% USD/HNL26.82▲ 1.52% USD/NIO36.62▲ 0.58% USD/VES783.11▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 0.97% EUR/BRL6.01▲ 0.20% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 171,201.60 ▼ 0.41% IPSA 11,404.17 ▼ 1.16% IPC MEX 65,770.85 ▲ 0.06% MERVAL 2,973,262 ▼ 0.73% COLCAP 2,500.09 ▼ 0.42% BVL PERÚ 60,117.56 ▼ 0.21% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Playstation 4 Console to Cost R$3,999 in Brazil: Daily

By · November 29, 2013 · 2 min read

Daily Brief

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By William Jones, Contributing Reporter

RIO DE JANEIRO, BRAZIL – As many shoppers flooded the streets for Black Friday – the American shopping tradition that has become popular in Brazil – many have found that the brand new Playstation 4 (PS4) has finally been released by manufacturer Sony. However, getting your hands on the hotly-anticipated device comes at a stinging price of R$3,999 (US$1,700).

Playstation 4 in Brazil, Rio de Janeiro, Brazil News
The new PS4 was released in Brazil on Black Friday, photo by Wikimedia Creative Commons License (Photo https://gamegavel.com)
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The high price of purchasing the new device is a result of the high levels of import tax incurred when transporting Sony’s next generation of computer gaming to Brazil, a country with a notoriously heavy duty burden on imports.

After the console was made available to the general public in South America, widespread discontent spread among gamers over the astronomical expense of the good which will undoubtedly be at the top of many peoples Christmas lists. In a statement, Marc Stanley, Sony’s General Manager for Latin America, defended the company.

“We have read thousands of your comments and heard your frustration loud and clear about the PlayStation 4 retail price of R$3,999 in Brazil. We want to emphasize that it isn’t in the interest of Sony Computer Entertainment America to sell PS4 units at this high retail price. It’s not good for our gamers and it’s not good for the PlayStation brand,” he said.

“There is much confusion and inaccurate information in online coverage on policies of import taxes in Brazil and on the retail price of the PlayStation 4, so we would like to clarify things. Of the R$3,999, 63 percent of this amount is allocated to compensate for the taxes and fees that are applied to the product during the import process,” Stanley said.

As the console competes with its rival Microsoft, who released the Xbox One recently in the UK and Europe, the console will cost in the region of £349 (US$570) compared to the United States, where it will cost around US$399. However, these prices seem to be drops in the ocean compared to the R$4,000 price tag here in Brazil.

Read more (in Portuguese).

* The Rio Times Daily Updates feature is offered to help keep you up-to-date with important news as it happens.

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