At this point, I've decided to just wait for the PS6. Pricing has gone insane this generation, and the pricing charts are charting in the wrong direction. 

I can see their reasoning behind it.
With the PS5 close to 100 million units sold (Not too far off from the PS4’s final sale total) they have a big enough install base where they can get away with raising the price to maintain profits amidst the RAM and tariff hikes and just make money of what little hardware sales it has left because their main priority now is software sales.

If they were in Nintendo’s position right now, where they’re trying to get the Switch 2 off and running and get people to migrate from Switch 1 as much as possible, a price hike would do a lot more damage to them than it would to Sony here.

That doesn’t mean this sucks any less. At those ridiculous prices, expect the PS5’s baseline to drop considerably to the point where you have to seriously question if it’ll catch the PS4. I doubt even GTA VI will be able to tip the scales now.

I was already concerned about the PS6’s launch price before these hikes. But now? I’m am definitely worried.

Sony will not release a PS6 at a dumb price, they would just cancel the thing. They also cannot have endless delays either, the tech would get too old and fast.

Obviously I don't expect it to be as steep as the price increases we are getting elsewhere. I expect a $50 bump as you say, perhaps later this year if things remain unchanged.

The other thing, perhaps the main thing, Nintendo has to consider is that Switch 2 is at the beginning of its life, not the end of it. The primary objective right now, and for the foreseeable future, is to sell as many Switch 2s as fast as possible and encourage more Switch 1 users and new consumers to migrate. If they raised the price now or even a year from now, that would go completely against that objective. 

That’s why they raised the price on Switch 1 and their accessories and not the Switch 2 itself. Because accessories are not nearly as essential as the console itself, and Switch 1 is right at the end of its rope.

In Japan, it looks like we are going to see XBox numbers soon...

Sony is not going to cancel PS6. The PlayStation line is probably their most profitable and healthiest division. They’re not going to cripple that by just cancelling their next system.

The most likely scenario is that they’ll sell it at a huge loss and make it up with software sales and PS Plus subscriptions.

The most likely scenario is people will just pay the higher prices even if the industry shrinks some in volume. Really, what else are you going to do? Buy an XBox? Sony knows they don't have a ton of direct competition.

Nvidia 60 series is probably going to be north of $2000 just for the GPU alone, so it's not like PC is going to be some value haven and MS Helix is likely to cost over $1000 at this rate too. 

Sony is not going to eat heavy losses on the Playstation 6, maybe a small amount, but people expecting them to lose hundreds of dollars a unit again probably don't understand how much the stock market has changed in the last 20 years. You run a company like that now and your stock is likely going into the toilet for a long time and you'll get fired as president. 

If PS6 is $750-$800 what are you going to do realistically? Most people will just pay it and accept that the industry is changed and things are never going to be 2004 again. Maybe it means Sony "only" sells 90 million PS6s instead of 120+ mill the PS4 sold and far less than the PS2 ... but I think Sony is OK with that. If they can get enough XBox "refugees" honestly, they probably can maintain their overall sales volume even if the industry is selling less and less hardware overall.  

Like with most consoles the equivalent hardware would be upper-mid range hardware, not the top of the line GPU. It doesn't seem likely that an RTX 6060ti or RTX 7060ti will cost >$2000. You can get an RTX 5060ti for about $380 currently. 

There is also the advantage in that CPUs are pretty cheap currently compared to historical trends, due to competition in that space. So once ram prices stabilize a person can buy a decent PS5 (graphics-)level APU that will probably be PS6 level in terms of CPU performance, and then upgrade to a discrete GPU once PS6 releases. 

PC gaming is already booming, and I can see the trend continuing. 

Sony: Let's P(l)ay.