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.

California governor Gavin Newsom has reacted to the PlayStation 5 price hike in the US, jokingly thanking US President Donald Trump for making it happen via his controversial tariff strategy. Re-sharing a news story about the PS5 price hike, Newsom, a Democrat, posted on social media, "Great work, Donald Trump!!"

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

Sony has announced that it is raising prices on all versions of the PlayStation 5 in America. The increased prices go into effect on August 21, giving folks little time to plan ahead of the price hike. Folks now have less than 24 hours to try and buy a PS5 or PS5 Pro before Sony increases the price.

With PlayStation set to increase PS5 console prices this week, this Call of Duty PS5 Slim bundle deal offers even better value now.

Sony, which joins other video game console makers in hiking their prices, attributed the increase to the "challenging economic environment."

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.

"As an aside, Nintendo also explored raising prices on Switch 2 when tariffs were temporarily at 10% for Vietnam. Now they're at 20%. This is definitely impacting margins for them. While they may not be willing to raise prices right now, I can see them reconsidering next year [2026]."

There's plenty of headsets from the brand that are fully compatible with the Sony pixel-pusher, from the Stealth 700 Gen 3 to the Stealth 600 Gen 3, but so far, the Atlas 200 remains the first of its kind to be officially licensed and bear that iconic blue and white Sony branding.

Sony has announced that it will increase the recommended retail price of the PlayStation 5 in the US. In a post on the official PlayStation Blog, the manufacturer stated that "a challenging economic environment" has led to the "difficult decision" of increasing the price of all PS5 consoles by $50.