Sony will raise the price of PlayStation 5 consoles, the company announced on Wednesday. These changes will be effective as of Thursday, August 21.Citing “a challenging economic environment” — which appears to reference President Trump’s tariffs on imported products — Sony is increasing console prices by about $50. In the U.S., the prices will increase to $549.99 for the PlayStation 5, $499.99 for the PlayStation 5 Digital Edition, and $749.99 for the PlayStation 5 Pro. On July 31, the White House announced ...

A man holding a dualsense controller in front of a tv screen. (Photo by Nikos Pekiaridis/NurPhoto via Getty Images)NurPhoto via Getty ImagesOver the course of video game history, more often than not the most expensive time to buy a system is when it first comes out. Early adopters pay a premium. After a year or so on the market, you start to see reasonable discounts at least during sales. Three or four years into a console’s lifecycle, it’s common now to see a refresh. Maybe PlayStation Slim or Pro, or and ...