Xbox prices rise by another $100 or more

Microsoft is increasing the prices of Xbox consoles again. Starting August 1, 512GB models will cost $100 more, while 1TB models will cost $150 more. This means the Xbox Series S will start at $499.99, the Xbox Series Microsoft also says it will end the 2TB Xbox Series

Microsoft last raised prices in October by $20 to $70, and says it was hoping to avoid further hikes. “Unfortunately, storage and memory prices have increased more than 2.5 times and we expect another doubling by the fall of 2027.” Microsoft says in a blog post. “The entire consumer electronics industry is struggling with the current component crisis, but the impacts are particularly tough on consoles. Unlike phones, computers, speakers, and other consumer devices, consoles are typically not sold at a profit, but instead at a price below what they cost to manufacture.”

The company is also introducing new software to try to make new Xbox consoles more affordable. This includes the buy now, pay later option and the interest-free financing option on Amazon. It also plans to work with retail partners to create “new programs to make pre-launched consoles available at lower prices.”

Microsoft initially launched the Xbox Series S Priced at $299 And the X series Priced at $499 in November 2020. But in recent years, the company has had to raise money Console prices numerous times Because of things like the components crisis – a situation that forces every technology company to raise prices, Including Applewhich announced price increases across its production lines earlier today.