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.

On August 20 — just hours before the tech world dialed into the Made by Google Pixel 10 launch — Sony announced that it's raising the recommended prices for PS5 consoles by $50 for U.S. retailers. The new prices will likely take effect starting Thursday, August 21, though retailers may implement the new prices at different times.

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.

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.

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.

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