Can i take all those tflops on the go?

The US was the only major region where Xbox hardware had any life left but now it could start to outright die even there which is a hell of a shift compared to 15 years ago. Considering things like GPUs and CPUs are mainly manufactured outside of China this could potentially help PC gaming over the next few years, particularly in the US cause the price gap suddenly might not be as large and if consoles get too expensive it'll get to a point that some people may as well just spend some extra and get a decent PC. It could also help the Switch 2 since its price will suddenly look better though a lot rides on what happens when the pause for the huge tariffs on places like Vietnam runs out in July.

Also the whole point of the Series S is to be budget friendly so that model in particular is screwed now. With how weak it is now it's not exactly a great buy any more considering its a locked down machine.

Honestly, more than ever I don't get why Xbox is going to make another console. Xbox hardware is cooked.
Sony will follow suit in price increases, but by how much I don't know.

By the time Switch came out, the PS4's price had been cut to $300, same as Switch. In 2017, the year Switch came out, it also had several temporary $250 bundles.

And plenty of PS4 sales would also have been double dips with people replacing their base systems with a Pro/Slim.

As far as Xbox goes, the Series has sold around 1/5 as much as the Switch 1 despite being something like 30 times more powerful, so clearly the general public doesn't value systems purely in terms of power.

I have never bought a 'full price' game in my life. When there is a game I'm interested in I wait a year or two and buy it for ~10 bucks. New games can be 80 or 800 or 8000 for all I care

This is a consequence of the low production volume that Xbox has arrived at. It's also a glimpse of the possible future that a next-gen Xbox would bring if it even launches in the first place: Sold at a premium price to cover the costs of a very low production volume that is a guarantee with Microsoft's strategy of publishing their games on all platforms. These aren't hardware price increases caused by inflation, because this is old hardware. All inflation would justify is that the prices don't get lowered as we've seen with Switch 1 during the past few years. These new prices are the next step of Microsoft's exit strategy from the console market.

Higher game prices for new titles can be justified with inflation, because in normal countries the wages increase to eventually nullify the effect of inflation on the purchasing power of people.

As for Switch 2's so-called pricing disaster, it's a topic that can die for good now. Sony pulled ahead of Microsoft by making the Newb PS5 €499 in Europe recently, more expensive than a Switch 2 at €470. In light of the new PS and Xbox prices, Switch 2 is actually in a better position than Switch 1 was in 2017 when it costed as much as a Sony/MS console + 1 or 2 games combined.

Yeah the notion that Switch 2's pricing was a "disaster" was always hyperbolic clickbait nonsense.

The people raging about that online are like 0.1% of the real world audience.

The reason it wasn't valued by the market is because it hasn't effected how the consoles perform. It's 36 CU's vs 52, and the 36 CU's is somehow performing on a par with the 52 and it's difficult to understand why. With the PS4 and Xbone, It was 18 vs 12 CU's and the difference was extremely noticeable. All the PS4 games were at 1080p and the Xbone games were at 720-900p and people saw that and valued the PS4 more than the Xbone as a gaming platform.  Power matters in gaming and it is valued by the consumers. 

One thing to note is that the video game media is centred around the US market, so the PS price increase around the world is meaningless for a "Globally in America" segment.

Game prices in Europe were already 80eur, and no one batted an eye as the games were 70usd. Curiously the 90eur price hike was picked up and made the 90usd misinformation clickbate media we've seen since the Direct.

There might be a period where Xbox games are cheaper on PlayStation.