Valve opens Steam Machine waitlist

Valve officially made the Steam Machine available (sort of but not really) today, and if you were hoping for the president of the Yacht Collectors’ Club to have found a loophole through the RAM and storage crisis, I’ll be the bearer of bad news: the base Steam Machine model with 512GB of storage and no controller costs $1049 or €1039. It’s clear that this price is significantly higher than Valve had originally anticipated, as the company dedicates the first part of its press announcement to this sticker shock.

Steam Machine, like our other hardware products, is made up of many components that we source from manufacturers around the world. The price at which we sell our hardware is a direct result of the cost of these components. We felt like we had a good understanding of how those costs might change over time when we first started sourcing them for Steam Machine back in 2023. That understanding was born from the many years of data we all have about the evolution of PC hardware prices – primarily, that it tends to get cheaper over time as new technology arrives.

Over the past year or so, that has changed quickly and significantly, most visibly for RAM and storage components. There are a variety of reasons, all of which are affecting hardware products everywhere. The overall effect is that our original goal for the price of Steam Machine is no longer viable. So the prices we’re sharing today reflect the state of the world for manufacturing; or, more accurately, it reflects the price of the components as we’ve secured them over the past 6 months.

Price wasn’t the only thing impacted by all of this: availability was as well. There were periods where we found we couldn’t source some of our components at all, at any price. More than anything else, this has impacted the number of units we’ve been able to produce for launch.

↫ Valve press announcement

As Valve mentions, availability is also going to be an issue, and thus they’ve had to settle on a complex reservation and lottery system. Between now and 25 June, you can sign up for a model, after which the entire pool of reservations will be randomised to determine a waitlist order. As machines become available, they will simply go down the list from first to last as determined by that randomisation. In other words, you can’t just go out and buy one right away.

At this price and for the hardware the Steam Machine contains – an AMD Zen 4 CPU with 6c/12t up to 4.8 Ghz, a custom RDNA3 GPU, and 16GB of DDR5 RAM and 8GB of DDR6 video RAM – you’re probably better off sticking with what you already have. Until the “AI” bubble pops and prices come down again, that is.

Thanks, “AI” techbros. Everybody despises you.

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