A fresh version of the Steam store brings navigation and search improvements to the Valve marketplace, changing how you ...

Rather, Valve is — according to Yang — prepared to wait until a proper generational leap is available; only then will the Steam Deck 2 release.

However, don’t anticipate the new handheld anytime soon. Instead, Valve expects this Steam Deck 2 release won’t be available for another two to potentially three years.

AMD has been a great partner for Valve, to a point. You read our headline. Can you guess why Valve isn’t ready to announce or release a Steam Deck 2 yet?

We saw Valve’s pivot on pricing in action with the release of the Steam Deck OLED. Instead of a stripped-down budget version, Valve settled on a 512GB model for $550 and a 1TB model for $650.

UPDATE April 18, 2025: The latest rumors suggest that Valve doesn't have plans to release a next-gen Steam Deck until 2026 or beyond. I've added additional information about this to the page.

A Steam Deck successor between the release of the next Nintendo console and the PS5/next Xbox would be a sweet spot for Valve, but it sounds like Valve is less concerned about what the competition ...