The Steam Machine is the start of an even more expensive future for game consoles (opens original article in a new tab)

The Steam Machine, Valve's new gaming console, is priced at $1,049 to $1,428, significantly higher than competing consoles like the PS5 and Xbox Series X, reflecting broader trends of rising costs in the gaming industry due to RAM shortages and component prices. Valve's open ecosystem approach contrasts with traditional console pricing models, but the high price may limit its appeal, signaling a future where consoles become more expensive and niche.

• Steam Machine's base model costs $1,049 with a $1,128 bundle including a controller
• Steam Machine is significantly more expensive than competing consoles like Xbox Series X and PS5
• Valve attributes the high price to RAM shortages and its open ecosystem approach
• Future consoles may face higher prices and business model changes due to component costs
• PS5 sales dropped 46% year over year after price increases
• Xbox's next console, Project Helix, may shift to a different business model due to affordability concerns