You're right that the US was holding out while other regions got price increeases. But this is actually the 2nd US price increase in 12 months. This is the increase from August: https://blog.playstation.com/2025/08/20/playstation-5-price-...

Nintendo much be in an especially hard place. They just released their new generation of consoles, but from what I hear holiday sales did "fine". Not great, fine. So they definitely don't want to stunt their entire generation by raisig their prices in the first year while they are already worried about hardware sales. Maybe that's a part of why they recently reported the price differences between physical and digital games.