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

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.

Sony announced Wednesday it will raise PlayStation 5 console prices in the U.S. by $50, citing ongoing economic challenges and the financial strain caused by recent U.S. tariffs on electronics imported from China.