PS5 and Xbox Sales Are Crashing — Here’s Why

Console sales across the United States have plummeted in 2026, with both PlayStation 5 and Xbox hardware witnessing significant declines year-over-year, according to Circana data shared by industry analyst Mat Piscatella. Xbox hardware unit sales have declined by 33% so far this year, while PlayStation hardware sales have dropped by 25% compared to the same period last year.

Xbox hardware sales have now hit their lowest levels since the brand's launch nearly 25 years ago, while PlayStation hardware sales are at their lowest point since 2013. Higher prices are significantly harming demand for these gaming consoles. Microsoft and Sony have raised hardware prices considerably, citing component costs and broader economic pressures.

The Xbox Series S 512GB now costs $499.99, the 1TB model $599.99, the Xbox Series X Digital Edition $749.99, and the version with a disc drive $799.99. Sony has also increased PlayStation 5 prices, with the PS5 Digital Edition at $599.99, the standard model $649.99, and the PS5 Pro $899.99. Even refurbished hardware has become more expensive.

The PS5 Pro is particularly hard to find new, with second-hand prices soaring to around $1,399. The rising prices coincide with a broader slowdown in the US console market, exacerbated by growing living costs, making expensive gaming consoles less of a priority for some households. The upcoming holiday season and major game releases like GTA VI may provide some relief, but the situation remains precarious, with the US console hardware market being in one of its most challenging positions since the early 1980s.