Crazy console prices are hitting gamers hard — just weeks ahead of Grand Theft Auto VI’s release

Crazy console prices are hitting gamers hard — just weeks ahead of Grand Theft Auto VI's release

GTA VI Release: Console Price Hikes

It’s been thirteen long years since the last Grand Theft Auto was released, and now, finally, GTA VI is just around the corner. However, with the recent surge in AI technology, prices for current gaming consoles are soaring, and the next-gen ones are projected to be even pricier. So, if you’re hoping to play this November, be prepared to dig a bit deeper into your pockets.

If you’re lucky enough to already have a compatible console, you’re somewhat shielded from the price increases that have affected many gamers this year. But if you don’t own a console or if your console is an outdated model, expect to spend quite a bit to get your hands on GTA VI come launch day.

Interestingly, most of the consoles on the market are around six years old, and instead of seeing a drop in their prices, they’ve gone up.

GTA VI is being touted as a new-generation game that promises cutting-edge graphics, thanks to Rockstar Games’ advanced engine. A look at the teaser released in August showcases incredible lighting and textures, with intricate details like individual strands of hair. Simply put, you’ll need a robust gaming console to enjoy this game, which is likely why your purchase choices are limited.

The game will only be launching on four consoles: the PlayStation 5, PlayStation 5 Pro, Xbox Series X, and Xbox Series S. Unfortunately, that means no compatibility with the Nintendo Switch 2, older PlayStation 4s, or Xbox Ones.

Interestingly, you can’t even play GTA VI on PCs or handheld devices like the Steam Deck. But this isn’t because of some technical issues; Rockstar has deliberately decided to make GTA VI a console exclusive for the initial months, leaving PC gamers in the lurch until early 2027, when a broader release is expected.

Of course, the PlayStation 5 Pro and Xbox Series X are the go-to consoles for the ultimate graphical experience, yet both these models, along with their more affordable variants, are currently more expensive than when they first hit the market in 2020 and 2024.

Price Hikes All Around

Back in August, Xbox increased the prices of the Series X and Series S by $100 for the 512GB versions and $150 for the 1TB editions. This is in addition to price hikes of $20-$70 that started in October of the previous year. Here’s what you can expect to pay if you’re looking to buy one now:

  • Xbox Series S (512GB) – $499.99
  • Xbox Series S (1TB) – $599.99
  • Xbox Series X (1TB Digital Edition) – $749.99
  • Xbox Series X (1TB) – $799.99
  • Xbox Series X 25 Limited Edition – $899.99

PlayStation isn’t faring any better either. Sony increased their prices in August as well, adding anywhere from $100 to $150 to their lineup. If you’re in the market for a new PlayStation, here are the current prices:

  • PlayStation 5 Digital Edition (825GB) – $599
  • PlayStation 5 (1TB) – $649
  • PlayStation 5 Pro (2TB) – $899

It’s a bit ironic that most of these consoles are now six years old—except for the PlayStation 5 Pro, which launched in 2024. Typically, you’d expect prices to decrease as technology ages, especially before a new generation arrives, but that hasn’t been the case here, largely due to ongoing supply chain issues exacerbated by the rise of AI.

Moreover, the game itself, GTA VI, will also come with a heftier price tag. The previous title, GTA V, debuted at $60 for the standard edition. Given that it released in 2013, one could anticipate a shift in pricing over a decade. While the base price seemed steady for a while, it did eventually rise to $70 in 2020. For GTA VI, however, you’ll be looking at a much steeper price of $79.99 for the Standard Edition and $99.99 for the Ultimate Edition, which includes special in-game items.

The Next Generation: No Relief in Sight

If you’re relying on a gaming console to enjoy GTA VI, it might be worth considering stepping back this generation and waiting for what’s next. New consoles are anticipated to roll out in several years, but if you’re hoping to snag one at a reasonable price, think again. The long-lasting supply chain issues suggest that the costs for upcoming models could be even steeper.

The new Xbox, codenamed Project Helix, is rumored to cost as much as $1,800, making it Microsoft’s priciest console yet. That’s a significant leap for gamers who have been accustomed to lower hardware prices. However, Project Helix is expected to be a sort of hybrid console/PC, compatible with both Xbox and PC games. Whether that added functionality justifies the higher cost is up for debate.

On the PlayStation side, the next-gen model is also expected to carry a hefty price tag. Speculation suggests it could reach $1,000 MSRP, primarily due to high costs for RAM and NAND components making up a significant chunk of the price. In contrast to Xbox, it seems the next PlayStation won’t offer support for PC games, and it may even forgo a disc drive, as Sony has announced they will stop producing physical disc games by 2028.

Anticipate Further Increases

It’s not just gaming that’s feeling the pinch; supply chain disruptions have affected electronics across the board. Prices for various devices, including phones, laptops, and tablets, have risen by 17%-42%, depending on the device. The market is in a state of flux, and it’s tough to foresee how prices will evolve as we approach the holiday season and into 2027.

Interestingly, some data suggests that the AI boom might be on the verge of a downturn. If so, supply chains would likely get a much-needed respite from the pressures brought by AI, which could lead to decreased prices for consumers. But, of course, that would present its own set of challenges, like AI investors facing immense debt without a path to recovery, and the possibility of AI not being the economic force people once envisioned.

In the meantime, keep an eye out for the hottest game of the year, as Grand Theft Auto VI is now available for preorder and is set to launch on PlayStation and Xbox on Thursday, November 19, 2026.

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