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.

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,

Starting tomorrow, the PS5 is getting more expensive. In an announcement on the PlayStation blog, Sony has announced that the prices for all the different editions of the PS5 are increasing. Here is the list of new prices: PlayStation 5 Digital Edition – $499.99 PlayStation 5 Pro – $749.99

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