Following Sony’s PS5 price hike, Microsoft gaming CEO Phil Spencer says that Microsoft has no plans to raise the prices of its Xbox Series X and Xbox Series S consoles.
In August, Sony bumped up the price of the PS5 in multiple markets due to “challenging economic conditions.” At the time, Microsoft was quick to issue a statement saying it had no plans to raise the price of Xbox Series X|S consoles, and now, Xbox chief Phil Spencer has once again reiterated that Microsoft does not have any immediate plans to jack up the price of Xbox consoles.
Microsoft has no plans to raise Xbox Series X|S price
Speaking with CNBC, Phil Spencer said, “We’re always evaluating our business going forward. I don’t think we can ever say on anything we will never do something, but when we look at our consoles today, we think value is incredibly important. We love the position of Series S in the market, which is our lower-cost console. Over half of our new players that we’re finding are coming in through Series S.
“And I can definitely say we have no plans today to raise the price of our consoles. In a time when our customers are more economically challenged and uncertain than ever, we don’t think it’s the right move for us at this point to be raising prices on consoles.”
With energy, fuel, and inflation ramping up the cost of living for people across the world, it’s reassuring to know that Microsoft won’t be bumping up the price of Xbox consoles. It’s possible that we could see prices rise in the future, but for now, the Xbox Series X, and especially the Series S, will continue to offer great value for money.
What do you think about this? Let us know down in the comments.
Be the first to comment