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.

"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]."

Sony will increase the prices of its PlayStation 5 consoles in the US, starting today. This follows the trend of console manufacturers such as Microsoft and Nintendo raising prices for their hardware in response to tariffs.