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

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

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