This month, I’ve been indulging in some delightful gaming experiences on my handheld console. I’ve been playing Magical Princess, a game that I’m confident would also be fantastic on a handheld gaming PC. The idea of taking serious hardware horsepower on the go was always the dream of my misspent, console-gaming youth. Don’t get me wrong, I’ve always loved how older handheld systems made a calling card out of their limitations (and in the case of Nintendo, offered a hardware gimmick or gaming experience you couldn’t find anywhere else). The fact that now you can play many of the same games on a portable device that you can also play in your gamer den would’ve blown my younger self’s mind.

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Unfortunately, the dream-come-true of handheld gaming PCs feels like it is coming to an end. Our Andy updates our handheld gaming PC deals each week and recently shared a shocking revelation: ‘Somehow, the $1,000 Asus ROG Ally Xbox X is the best value gaming handheld I can think of right now.’ If you’ve got the cash, then, sure, the Asus ROG Ally Xbox X with its AMD Ryzen Z2 Extreme chip, 24 GB of RAM, and 1 TB of onboard SSD storage makes sense for the asking price. But where does that leave you if you’re on a much tighter budget?

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The memory supply crisis has raised the pricing floor of all handhelds. Case in point, the device that we still rate as the best budget handheld gaming PC is the Steam Deck. The more affordable LCD models were quietly discontinued last year, leaving those looking to buy a Steam Deck new with only the very shiny OLED models to choose from. Years after release, the price for the base 512 GB OLED model has increased from $549 to $789. The 1 TB model has seen an almost 50% price increase, jumping from $649 to $949. The answer, then, to where that leaves the more budget-conscious? Without a paddle.

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Despite this price hike (and the handheld’s aged internals), both models of the Steam Deck sold out in North America shortly after the increase was announced back in May. The 1 TB model, which is going for £779 where I’m based in the UK, appears to be out of stock again at the time of writing. But I doubt this is a sustainable trend.

Let’s zoom out a smidge. I update our best SSD deals every week, so I’ve not had the luxury of ignoring how storage prices have been climbing since the tail end of last year. Research suggests that memory prices are likely to rise as much as 50% in Q3 alone. Recent analysis by Bernstein suggests prices won’t dip until 2028, when major manufacturers are expected to complete a number of capacity-increasing builds.

But here and now in 2026, it’s not just gaming PC components that have seen price increases as a result of the memory supply crisis. For example, the PlayStation 5 has seen three different price increases over the last six years and now costs a minimum of $650. I’ve written about it before, but, despite buying a launch day PS5, it’s becoming increasingly unlikely I’ll pick up a PS6 day one. After all, if the PS5 Pro costs $900 today, how much more will the PS6 cost?

Keep in mind that the most performant handheld gaming PCs ask a price that’s far too rich for my blood, and the best budget option is arguably not quite as compelling as Nintendo’s offering. To paraphrase Andy’s point, there’s a chance gaming handhelds eventually revert to occupying a boutique niche for gamers with especially deep pockets. That’s how they were in the before times prior to the Steam Deck’s launch, with smaller Chinese outfits, such as OneXPlayer, releasing expensive, weak, poorly optimised devices. That’s not really the future I want for handheld gaming PCs, but it’s a strong possibility.

For those who don’t already have a gaming PC, there’s little doubt that a $650 base PS5 is going to look like the more economical option (particularly as Sony won’t be bringing its handful of exclusives to PC in future, but maybe it’s just me mourning the loss of, like, four games). If you already own a gaming PC, you’ll likely want to save your pennies for increasingly expensive component upgrades. Where would a handheld feature in either budget?

The data suggests gamers generally are still willing to part with the cash for new hardware—though they aren’t necessarily picking up a handheld gaming PC. A recent Circana report shared that the handheld of choice was overwhelmingly the Nintendo Switch 2, with the hybrid console largely credited for a year-over-year hardware spending increase that grew by 69%, climbing to $500 million this past March.

The Switch 2 saw its own price increase announced back in May, so it’s worth pondering how much of this recent consumer clamour was motivated by a desire to scoop the console before it became more expensive. Even so, Nintendo’s handheld is set to cost $500 from September 1 in the US. There are plenty of PC gamers who have no interest in what the big N is doing these days, but a broad-view of today’s gaming audience suggests a lot of gamers are more platform-agnostic.

In short, the most performant handheld gaming PCs ask a price that’s far too rich for my blood, and the best budget option is arguably not quite as compelling as Nintendo’s offering (even after the price hike comes into effect later this year). For my wide-eyed younger self, I hope I’m wrong. In the longer term, it doesn’t feel like handheld gaming PCs are the most economical proposition for brands or manufacturers either. For example, back in March Ayaneo suspended pre-orders for its uber-powerful Next 2 gaming handheld after costs approached ‘twice the price we originally set.’