Microsoft Is Hiking Xbox Series Console Prices Again. Here's What You'll Pay This Fall

Microsoft has announced a price increase for its Xbox Series S and Xbox Series X consoles, effective this fall. The Xbox Series S will now cost $349, up from $299, while the Xbox Series X will be priced at $499, up from $499. The price hike is largely attributed to the ongoing global supply chain issues and inflationary pressures, including tariffs on imported electronics. These factors have contributed to rising costs for manufacturers, which they are now passing on to consumers. The price increase follows a similar move by Sony, which raised the price of its PlayStation 5 console in select markets earlier this year. The gaming industry as a whole is facing economic challenges, leading to higher prices for consumers. Despite the price hike, Microsoft has stated that it remains committed to providing the best possible gaming experience for its customers. The company continues to invest in its Xbox ecosystem, with the release of new games and services to enhance the overall gaming experience.