Valve's Steam Machine launches at £879 as component costs soar

Valve has launched its Steam Machine gaming computer at £879 in the UK, a price the company says reflects soaring component costs that have made its original pricing goal “no longer viable.” The gaming giant announced the price in a blog post on Monday, noting that the device—part PC, part console—would also retail at $1,049 in the US. “The overall effect is that our original goal for the price of Steam Machine is no longer viable,” Valve wrote, attributing the increase to rising hardware costs over recent years.