Valve has announced a price increase of more than 40% for its two Steam Deck OLED models, citing rising memory and storage costs. The 512GB model now costs £479, up from £359, while the 1TB model rises to £569 from £389, representing increases of £120 and £180 respectively.
The company stated that the price adjustment reflects higher costs for components, particularly NAND flash memory and DRAM, which have seen global price hikes in recent months. Valve emphasized that the increase is necessary to maintain production and availability.
This move affects only the OLED models, which were released in November 2023 as an upgrade to the original LCD Steam Deck. The LCD models were discontinued earlier this year. Valve has not announced any changes to the Steam Deck LCD pricing, as those units are no longer in production.
Industry analysts note that the price hike comes amid broader trends in the PC gaming hardware market, where component costs have risen due to supply chain constraints and increased demand for memory chips. Valve's decision mirrors similar adjustments by other hardware manufacturers.
Customers who had pre-ordered before the announcement will not be affected, as the new prices apply only to new orders. Valve has not indicated when or if prices might decrease in the future.
