Gamers, brace yourselves: the PS5 just got pricier. After citing a “challenging economic environment,” Sony has increased PS5 prices to the following: PlayStation 5: $549.99 (up $50 from $499.99) PlayStation 5 Digital Edition: $499.

PlayStation, owned by Sony, announced it will raise the price of PS5 consoles for US consumers starting August 21.

Every version of the PlayStation 5 is now $50 more expensive in the U.S., but at least for now, a new deal at GameStop will cover the difference. The meme stock retailer announced it will start giving anyone who trades in their last-gen consoles an extra $50 in-store credit toward the purchase of a new PS5.

Both versions of the PS5 Slim and the upgraded PS5 Pro console will be $50 more at US retailers, but if you were about to give up the idea of ever getting the Sony console, there is a small bit of hope, as some retailers haven't yet made the change.

Sony is raising prices on all three of its PlayStation 5 consoles by about $50 in the U.S. due to what the company calls "challenging economic times." And earlier this month, Nintendo announced it would also raise prices due to market conditions.

The price increase for the PS5 has finally reached US shores, as Sony has officially announced that the PS5 console, in all models, will now cost more to

Starting tomorrow, the PS5 is getting more expensive. In an announcement on the PlayStation blog, Sony has announced that the prices for all the different editions of the PS5 are increasing. Here is the list of new prices: PlayStation 5 Digital Edition – $499.99 PlayStation 5 Pro – $749.99