Valve has announced significant price increases for the Steam Deck OLED models as they return to stock. The 512GB version now costs $789, a $240 increase from its previous price of $549. Meanwhile, the 1TB variant has jumped to $949, up $300 from $649. Valve cited rising memory and storage costs, along with global logistical challenges, as reasons for the price adjustments. The discontinuation of the LCD models means that only the OLED versions are available for purchase. This price hike positions the Steam Deck among the most expensive handheld gaming consoles, even surpassing the PS5 Pro, which retails for $899. Competitors like the Asus ROG Xbox Ally X are also in the mix, with prices ranging from $649 to $999 depending on storage options. Concerns arise regarding the upcoming Steam Machine, as high prices for the Steam Deck may indicate similar pricing for this new console, potentially making it less appealing compared to building a gaming PC or purchasing a pre-built one.