Sony is raising the price of all PS5 models by $50 in the US. The company cited the “challenging economic environment,” which includes the tariffs President Trump has placed on imported products. The changes will go into effect on Thursday, and the new prices are as follows:

Sony held out longer than Microsoft and Nintendo, but it too is increasing the prices of PlayStation consoles in the US starting on August 21. The standard PS5 (the one with with a disc drive) will now run you $550,

Sony has announced something we’ve been expecting all along, and that’s increase the price of the PS5 console. This increase applies to all PlayStation 5 console variants. The price increase in the US will take effect tomorrow, August 21, which means if you’re on the fence on picking one up, best to do it today.