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.

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.

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,

Here is the list of new prices: This is a step up of $50 for all three consoles, which is a big blow, especially for the PS5 Pro, which already had players gawking at the massive $700 pricetag when it first launched.

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