Emerging
May 28, 20261
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Steam Deck OLED Models Sell Out Hours After Significant Price Increases
Steam Deck OLED models sold out within hours of Valve announcing significant price increases. The 512GB model rose by $240 to $789, while the 1TB model increased by $300 to $949. Valve attributed the hikes to memory and NAND flash shortages, along with global logistical challenges.
Quick Facts
Who
Valve
What
Steam Deck OLED price increase announcement
When
May 28, 2026
Where
Global market
- Steam Deck OLED price increase announcement
- inventory restock and rapid sellout
- supply chain constraints cited
- Valve
- $549 to $789 (512GB model price increase)
Valve's Steam Deck OLED handheld consoles have sold out within hours of a major price increase and restock. Both the 512GB and 1TB models are now completely unavailable following the announcement of substantial price hikes that caught consumers off guard.
The 512GB model saw its price jump from $549 to $789, representing a $240 increase, while the 1TB variant experienced an even larger spike from $649 to $949—a $300 jump. Despite the significant markups, Valve clarified that no underlying hardware changes accompanied the price adjustments.
Valve attributed the price increases to several supply chain pressures currently affecting the technology industry. The company cited serious shortages in memory and NAND flash components, combined with broader global logistical challenges, as the primary drivers behind the markup. These component cost pressures have forced the company to adjust pricing on its popular gaming device, which had previously maintained strong consumer demand despite the rapid sellout of available inventory.
Topics
Why This Matters
This price surge signals intensifying supply chain pressures in consumer gaming hardware that may persist across the industry. Consumers considering premium portable gaming devices face higher entry costs, while the rapid sellout demonstrates sustained demand despite markup. Investors and supply chain analysts should monitor whether other gaming hardware manufacturers follow suit, indicating broader component cost inflation.
Timeline & Sources
May 28, 2026
WireValve announced price increases for Steam Deck OLED models and restocked inventory; both 512GB and 1TB models sold out within hours