Valve’s OLED Deck just pulled a vanishing act in multiple regions, and the timing could not be worse. The Steam Deck OLED is now listed as out of stock on Steam in the US and via partner Komodo in Japan, Hong Kong, Korea, and Taiwan, with no clear explanation from Valve.
According to the report, stock started drying up overnight, flagged first by legendary deal hunter Wario64, and hasn’t come back at the time of writing. The older LCD model was officially discontinued in December, but there’s been zero public hint that the OLED revision was on the chopping block. Some users in Europe still see units available, and Komodo’s store in Japan supposedly has a “stock returns in February” note, but the US store offers no such reassurance, just a Wishlist button.

Speculation, naturally, is doing laps. Component prices, especially DRAM and SSDs, have skyrocketed this year, and Tom’s Hardware notes that Valve doesn’t have HP/Dell-level supply chain muscle to soak those cost spikes. If the Deck is already sold near or below cost and meant to make its money back on that 30% Steam tax, rising memory prices make each handheld a bigger financial gamble. One theory is that Valve has “soft-discontinued” the current Deck until the so-called memory apocalypse calms down.
Of course, the other theory is Steam Deck 2. Valve has said it won’t greenlight new hardware until there’s a meaningful performance leap, with future x86 options like Panther Lake or even ARM-based designs being floated by onlookers, but there’s no solid sign that a successor is imminent.
In the meantime, competitors like Asus, Lenovo, MSI, and others are happily selling Windows handhelds that run your Steam library just fine. If this outage drags on, anyone eyeing a Deck as their all-in-one emu and PC handheld may find themselves either paying aftermarket tax or defecting to a ROG/Legion-style device and slapping a community SteamOS build on it instead.
Source: Tom’s Hardware
