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.

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

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.

Following in the footsteps of Xbox and Nintendo, PlayStation will be raising prices on its various PS5 consoles.

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 has joined the console price-raising bandwagon and hiked the MSRP of the PlayStation 5, PlayStation 5 Digital Edition, and the PlayStation 5 Pro—each by $50. The PS5 will now cost $549, the PS5 Digital is $499,

PS5 games that normally cost $60 are on sale for just $6 for a limited time, thanks to a new PlayStation Store sale.