Steam Deck Gets Massive Price Hike

Valve has announced a price hike for the Steam Deck OLED in the US--and it's a substantial increase. The 1TB edition is going up from 650 to 950, while the 512GB OLED model is jumping from 550 to 790. The certified refurb models are not going up in price, but if you want a new OLED Steam Deck, prepare to pay more. In a blog post, Valve said prices are going up due to rising memory and storage costs. The company said the new prices reflect the current state of component costs and other global logistical challenges across the industry as a whole. Here are the new prices: Steam Deck OLED 512GB: Now 790 USD; CAD 1,130; EUR 780; GBP 650; AUD 1,200; PLN 3,280 Steam Deck OLED 1TB: Now 950 USD; CAD 1,350; EUR 920; GBP 780; AUD 1,430; PLN 3,880 Valve's decision to raise prices on its own hardware came after similar price hikes on PlayStation and Xbox consoles. Nintendo, for its part, will raise the price of the Switch 2 in September. The platform-holders cited the global economic situation for why prices are going up. Beyond the Steam Deck, Valve's next big hardware release is the new Steam Machine, which is set for release later this year. Critically, pricing has not been announced, but with the new Steam Deck price hikes--and the global economic landscape remaining far from settled--people should likely brace themselves for a high price. Hardware engineer Yazan Aldehayyat said the aim is to land at a “competitive price” that matches up with the value provided. This is what most companies say about their new products. The aim, he said, is to make it “affordable.” Some of the global economic factors driving up prices on many goods these days include the war in Iran and the closure of the Strait of Hormuz driving up oil prices, AI-fueled demand on chips, and US President Donald Trump's controversial--and illegal--tariff program.