Buying the latest-gen Sony console just got more expensive as the company just raised the price of PlayStation 5 consoles.

Sony will raise prices of its PlayStation 5 consoles in the United States by around $50 from Thursday, as the Japanese conglomerate navigates a slow recovery in the videogame market while U.S. tariffs threaten to raise costs.

Sony, which joins other video game console makers in hiking their prices, attributed the increase to the "challenging economic environment."