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.

Buying the latest-gen Sony console just got more expensive as the company just raised the price of PlayStation 5 consoles.

Each PS5 model will now cost $50 more thanks to what Sony calls 'a challenging economic environment.' It follows Microsoft and Nintendo also upping console prices.

After months of holding off, Sony has raised the price of its PlayStation 5 console lineup in the United States and the PS5 Pro is now a whopping $750.

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 today announced that starting tomorrow, August 21, all PS5 models will be subject to a $50 price increase in the United States.

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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.