Microsoft has confirmed that Xbox Series X and S console prices are not currently set to increase in response to the newly announced PS5 price hike.
“We are constantly evaluating our business to offer our fans great gaming options,” says a Microsoft representative. Windows Central (Opens in a new tab). “The Xbox Series S’ suggested retail price remains at $299 (£250, €300), while the Xbox Series X is $499 (£450, €500).”
Microsoft’s statement comes in response to the global price increase for both models of the PS5 console. Every region outside of the US will soon see a higher price tag on the new PS5, although the rise is hitting particularly hard in Japan, where the price is up more than 20%. This has already made Japanese fans eager to play the PS5 exclusive Final Fantasy 16 even more desperate for a PC port.
earlier this month, Bloomberg (Opens in a new tab) It published an analysis of the gaming hardware market in Japan, speculating whether Sony, Microsoft or Nintendo would need to raise prices in response to hardware shortages and severe yen inflation. While video game machines in Japan have been priced fairly consistently based on the old exchange rates between the yen and the dollar, the yen has depreciated sharply since 2020, and in the global market it is now much cheaper to buy a PS5 in Japan than it is. It is located in the United States.
Of course, this only addresses the price hike in Japan, and the PS5 poster is being raised in most parts of the world. Microsoft’s stance on Xbox pricing could still change in the future as global economic factors continue to shift, but for now, it looks like an eco-friendly machine will be the most cost-effective option in the near term.
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