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.

Nintendo may not have raised the price of the Switch 2 yet, but it's not alone. As mentioned above, Sony announced today (August 20) that every PlayStation 5 model is seeing a $50 price increase across the board.

The Japanese company announced a base model now costs about $550. It previously cited Trump's tariffs as a reason for potential price increases.