Sony’s (SONY) PlayStation 5 is getting yet another price increase. The digital edition, which doesn’t include a disc drive, now starts at $599. The standard version, with a built-in disc drive, now costs $649, while the PS5 Pro will cost you a whopping $899.
The PS5 debuted in 2020 at just $399 for the digital edition and $499 for the standard version. Sony debuted the more powerful PS5 Pro in November 2024 at $699.
“With continued pressures in the global economic landscape, we’ve made the decision to increase the prices of PS5, PS5 Pro, and PlayStation Portal remote player globally,” Sony Interactive Entertainment VP of global marketing Isabelle Tomatis said in a statement.
“We know that price changes impact our community, and after careful evaluation, we found this was a necessary step to ensure we can continue delivering innovative, high-quality gaming experiences to players worldwide.”
Friday’s announcement is just the latest price hike for Sony’s prized console.
The company released second-generation “Slim” versions of the PS5 in October 2023, increasing the price of the digital edition to $450, while leaving the standard “Slim” edition at $499.
In August, Sony instituted a $50 price increase across its consoles, with the digital edition climbing to $499, the standard to $549, and the more powerful Pro to $749.
Sony isn’t the only video game giant impacted by the tariffs and memory shortage. Microsoft (MSFT) has also raised prices on its Xbox line of consoles, while Nintendo (NTDOY) has raised the price of its first-generation Switch, which it launched in 2007, but not the newer Switch 2.
Two concurrent issues are driving prices higher for video game console and accessory makers: President Trump’s tariffs and the global memory shortage.
While the Supreme Court struck down Trump’s broader “Liberation Day” tariffs, he’s since instituted a global 10% duty on goods imported to the US.
Read more: The latest news and updates on Trump’s tariffs
At the same time, the worldwide AI build-out is driving memory chipmakers to lean further into producing higher-margin memory chips for data centers rather than for consumer goods. That’s left device makers scrambling to grab as much memory as they can, compressing margins and forcing some companies to raise prices.
The memory shortage is also expected to hit the PC and smartphone markets. In February, market research firm Gartner said the memory shortage will cause PC shipments to drop 10.4% in 2026 and smartphone shipments to decline 8.4%.
Prices on those products will also increase 17% and 13%, respectively, versus 2025 levels.