Steam Deck Gets Big Price Hike, 1TB OLED Model Now $949

May 27, 2026 - 21:18

Valve has raised the price of its Steam Deck handheld gaming PC by a significant margin, with some models seeing increases of more than 40 percent. The 1TB OLED version, previously priced at $649, now costs $949. The 512GB OLED model has also jumped from $549 to $799.

The price changes apply to both the LCD and OLED variants across all regions where the Steam Deck is sold. Valve did not provide a detailed explanation for the sudden increase, but the move comes amid rising component costs and ongoing supply chain pressures that have affected the electronics industry worldwide.

For gamers who were considering buying a Steam Deck, the new pricing may be a tough pill to swallow. The device was already positioned as a premium portable gaming solution, and these latest adjustments push it even further into high-end territory. Some fans have expressed frustration on forums and social media, noting that the price jump makes the Steam Deck less competitive against other handhelds like the ASUS ROG Ally and the Ayaneo lineup.

Valve has not announced any changes to the device's hardware or software features. The Steam Deck remains the same system it was before the price increase, offering access to a large library of PC games through Steam's storefront. Existing owners are not affected by the new pricing, and Valve continues to support the device with regular software updates.

It remains to be seen whether the higher price will slow down sales or if demand will hold steady among dedicated PC gaming enthusiasts.