Steam Deck OLED Price Increase Announced Due to “Rising Memory and Storage Costs”

PC gaming on the go just got a whole lot more expensive with both the 512 GB and 1 TB models seeing sharp price increases.

Posted By | On 28th, May. 2026

Steam Deck OLED

Good news: The acclaimed Steam Deck OLED is finally back in stock. The bad news? Well, you’ve probably already seen the headline. Citing “rising memory and storage costs”, both the 512 GB and 1 TB models of the handheld PC have seen staggering price increases.

If you’ve been in the market for a shiny new unit, you might want to sit down for this next bit. The 512 GB model now costs an eye-watering $789, up from $549 (so roughly $240 more). The 1 TB model’s now too close to the thousand dollar mark, clocking in at $949, up from $649 (an increase of $300). We can’t say we didn’t see this coming, but it’s still quite a shock.

Valve’s reasoning behind the hike in its announcement is also the reason for the shortages in the first place. It’s going to be interesting to see how the new prices affect sales and whether there will be any pushback from the gaming community. And how will this affect the upcoming Steam Machine, whose price has reportedly skyrocketed after initially facing delays due to the ongoing worldwide RAM shortages? You can be sure we’ll be here telling you about it as soon as it happens, so stay tuned.


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