The Steam Machine was finally released on Monday, and many gamers were disappointed with its $1,049 starting price, which doesn’t include a Steam Controller (you have to pay an extra $79 to bundle one). Unfortunately, Valve’s hands were tied in this due to the current RAMpocalypse, where even the cheapest RAM kits now cost four times as much as before. While engineers Pierre-Loup Griffais and Yazan Aldehayyat said that they cannot give a hard number for the console’s original price point, they told IGN in an interview that it would have experienced a “probably similar” price increase to the one the Steam Deck got in May 2026.

Given that the Steam Deck 512GB and 1TB experienced a price increase of around 45%, it stands to reason that the Steam Machine would have received the same hike if it were already in the market. So, if we extrapolate the numbers, the Steam Machine would’ve been originally priced at around $729.91. The 1TB Steam Deck’s price jumped by 46.22%, but we can’t just apply that increase to the higher-tier Steam Machine because it has double the storage capacity. But if we check our SSD price tracker, the price difference between the cheapest 1TB and 2TB SSDs was just at $28 when they were at their lowest. If we add this to the 1TB "version" of the living room PC console, then we can safely estimate that Valve’s target price for the 2TB Steam Machine is around $950-$1,000.

The Steam Machine is still more expensive than the PlayStation 5 Pro, even at its original prices, because Valve refuses to subsidize its hardware sales with the sales on the Steam store. After all, the Steam Machine has an open hardware philosophy, allowing buyers to do what they want with the console. You can install Windows 11 on it and just stick with PC Game Pass to play your games on the console, meaning Valve will make zero dollars on game purchases from you.

This stark price difference could make the Steam Machine unpalatable to console gamers who are interested in switching to PC gaming through the living room PC console. After all, several tests reveal that the PlayStation outperforms the Steam Machine in several titles (although the Valve hardware still performed well enough). But the advantage that gamers are paying for in the Steam Machine is the abilities of a desktop PC (you can pretty much install anything you want on it without going through the Steam store and you don’t have to subscribe for online play), combined with the convenience of a living room console (like HDMI-CEC and the ability to switch the console on or off from the controller). Interested gamers will also likely have a library of titles ready to play.

Hopefully, the Steam Machine’s price will come down once the memory supply finally stabilizes, but it will probably be years before this happens, if at all. Valve’s new gaming console is quite a niche product — it’s built for PC gamers with an extensive Steam library who want to play games on their living room couch or while lying in bed without going through the hassle of building an SFF PC. But if you prefer playing games on your desk or already have a substantial game library on your PlayStation, you’re probably better off sticking with your current hardware.

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Jowi Morales is a tech enthusiast with years of experience working in the industry. He’s been writing with several tech publications since 2021, where he’s been interested in tech hardware and consumer electronics.