Each PS5 model will now cost $50 more thanks to what Sony calls 'a challenging economic environment.' It follows Microsoft and Nintendo also upping console prices.

The $50 price surge affects all three PlayStation models, with the standard console rising to $549.99, the Digital Edition hitting $499.99 and the Pro version soaring to a wallet-busting $749.99. Trump’s aggressive tariff regime, which kicked in Aug. 1, slaps Japanese imports with duties of up to 25% on major electronics and tech items.