Sony has announced that starting on August 21, the price of all PlayStation 5 consoles in the U.S. will go up. Like so many other global companies dealing with today’s economy, Sony says this decision wasn’t an easy one, but it had to be made.

Here’s what the new pricing looks like:

PlayStation 5 – $549.99

PlayStation 5 Digital Edition – $499.99

PlayStation 5 Pro – $749.99

No changes are being made to the price of accessories, and Sony also mentioned that, for now, no other regions will be affected.

Even though Sony didn’t outright say it, these price hikes likely have a lot to do with the tariffs recently put in place by the President of the United States. Those trade measures have already impacted plenty of other electronics, so it isn’t a stretch to see the PlayStation 5 being caught up in it as well. We expected this and said that this would happen a month ago.

This also makes PlayStation the last of the three major platforms to raise its prices. Microsoft already raised the cost of the Xbox Series X|S, Nintendo followed with the Switch, and now Sony has officially joined them. That means no matter which platform you play on, you’re paying more than you did before.

For players, it’s another reminder of how much the industry is being shaped by bigger economic factors outside of gaming. And with the PlayStation 5 Pro now sitting at $749.99, that’s one of the highest console prices we’ve seen yet.

So, if you’re planning on picking up a PlayStation 5, then today would be the best time to do so, before these price increases are put into effect.

At the very least, we can expect the Switch 2 to remain at the same price. Right?

Rising video game and console prices have frustrated consumers this year, and today, Sony is adding its flagship console to the list of products getting price hikes. In the United States, the PS5, PS5 Digital Edition, and PS5 Pro are each increasing in price by $50.

According to a blog post from Sony Interactive Entertainment vice president of global marketing, Isabelle Tomatis, the change is due to “a challenging economic environment.” This brings the new prices for each device to the following:

PlayStation 5 – $549.99

PlayStation 5 Digital Edition – $499.99

PlayStation 5 Pro – $749.99

As of today, prices remain unchanged in other countries, but many of them faced price hikes earlier this year. This news comes a few months after Sony said it was considering raising its prices in the US, but it might not affect consoles. That was, obviously, not the case. Other instances of companies increasing prices lately include Nintendo increasing Switch 2 accessory prices, and Xbox raising its console and game prices back in May. Across the board, it’s a rough time to be paying for new games and hardware.

Meanwhile, Xbox announced its new handheld’s release date today, but won’t reveal its price quite yet, citing “macro-economic conditions.”

Sony is raising PS5 prices in the US, with every system going up by $50. The company said it is continuing to “navigate a challenging economic environment” and will pass the cost on to consumers in the form of higher prices. The new prices go into effect on August 21.

The new prices can be seen below. All three models are still available for the lower prices at Amazon and other retailers until tomorrow.

The price points for PS5 accessories are not changing, Sony said, adding that the PS5 console price hikes apply only to the US market. Other markets saw PS5 console price hikes earlier this year.

Analyst Daniel Ahmad said Sony is raising prices against the backdrop of higher tariff rates on countries where the PS5 is produced, including China (30%), Japan (15%), Vietnam (20%), and Malaysia (19%).

Before this, Microsoft announced price hikes for its Xbox consoles. Nintendo, meanwhile, has said it cannot rule out raising the price of the Switch 2 due to tariffs. The company has already raised prices on a number of Switch 2 accessories.

On August 1, US President Donald Trump announced new tariffs that led to some market turmoil. This followed on from the initial “Liberation Day” tariffs that were announced back in April.

Sony is raising prices on the PS5 just after the company disclosed that the system has reached 80 million units sold worldwide. While Sony hasn’t spoken about a hardware successor yet, a few recent developments have given us a few clues on what we can expect from a potential PlayStation 6 console.

(Reuters) -Sony will raise prices of its PlayStation 5 consoles in the United States by around $50 from Thursday, as the Japanese conglomerate navigates a slow recovery in the videogame market while U.S. tariffs threaten to raise costs.

All three PlayStation 5 consoles will see a similar price hike, with the most expensive PS5 Pro version expected to cost $749.99, the company said in a blog post on Wednesday.

The price changes come after U.S. President Donald Trump announced sweeping tariffs on imports from global manufacturing hubs such as China and Japan, leading to fears of supply chain disruptions and high material costs.

Sony had raised prices of its consoles in various European markets in April. Rival Xbox also hiked sticker prices of its consoles and accessories in the U.S., Europe, Australia and the UK a month later.

Consoles were expected to be a major driver of videogame market growth this year due to the launch of premium titles such as Take-Two Interactive’s “Grand Theft Auto VI” and Nintendo’s Switch 2.

But console price hikes and the delay of highly-anticipated “GTA VI” to next year have cast some doubt on the pace of growth in the industry.

On Wednesday, Sony said there are no price changes for other markets and prices of PlayStation 5 accessories remain unchanged.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Leroy Leo)

Sony just announced over on the official PlayStation Blog that the PlayStation 5 is having a price increase across the United States, effective from tomorrow onwards. Starting on August 21, all PS5 consoles will have their prices increased by $50 across the entire United States, with Sony citing “a challenging economic environment” behind their decision to hike up prices in their most popular gaming market.

To specifically breakdown each price increase, the base PS5 is increasing from $499.99 to $549.99, whilst the Digital Edition without a disk drive will rise from $449.99 to $499.99. Finally, the PS5 Pro will have an eye-watering price hike from the current $699.99 price tag to an enormous $749.99. These prices will come into effect on August 21, following similar rises in Europe, Australia and New Zealand earlier this year.

Despite the price increase to PS5 systems, Sony do specify that “the recommended retail prices for PlayStation 5 accessories remain unchanged”, and further reassure that there are also “no other price changes to announce for additional markets”. It’s a bold move for Sony to raise the price of a system when we’re already so deep into the console’s cycle, especially with the Nintendo Switch 2 having only just released at a considerably cheaper price tag. The economic impact of tariffs on the gaming industry is a developing situation, and we’ll be sure to follow it as closely as we can going forwards.

How do you think Sony’s price hikes to PS5 consoles will affect sales in the US, if at all? Do you think Nintendo will follow in raising prices? Let us know your thoughts in the comments down below, and keep your eyes on GameLuster for more breaking gaming news and Sony coverage.