In a bold move that has gamers buzzing, Sony has announced a significant price increase for its widely sought-after PlayStation 5 (PS5) console. As of April 14, the cost of the PS5 without a disc drive will rise by 11%, landing at a hefty 499.99 euros (approximately $569.59) in Europe.

But that’s not all! In Britain, the price hike will be slightly lower at 10%, pushing the price to 429.99 pounds ($566.90). This decision comes amid rising inflation and unpredictable exchange rates that continue to challenge consumer electronics manufacturers.

Sony isn’t alone in facing economic headwinds—recent trade disruptions and tariffs, particularly following actions by former U.S. President Donald Trump, have been affecting the entire industry. Just weeks ago, Nintendo announced a delay in pre-orders for its much-anticipated Switch 2 gaming device in the U.S. market as it assesses how these tariffs might impact the forthcoming console.

The Switch 2, which promises to be a thrilling successor to Nintendo’s beloved original hybrid console, is priced at $449.99 and is set to land in stores on June 5. Will these price hikes deter gamers from getting their hands on the latest tech? Only time will tell!