Sony is raising PS5 prices, 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:

• PlayStation 5 – $550 (previously $500)
• PlayStation 5 Digital Edition – $500 (previously $450)
• PlayStation 5 Pro — $750 (previously $700)

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.

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.