Microsoft delays Xbox price hike until after Christmas

The cost of almost everything is going up these days. So it’s no surprise that Microsoft’s Xbox gaming console will soon see a price increase. However, the software giant is delaying that pain a bit to give customers a chance to get an Xbox at the current price before Christmas.

The news of the possible price increase comes from a Wall Street Journal interview (via the edge) with Microsoft CEO Phil Spencer. The long-form discussion touched on how profitable the company’s gaming business is, with Spencer mentioning that Game Pass is already profitable, accounting for 10-15% of Xbox’s content and services revenue. And while the company is making a healthy comeback, prices can’t stay where they are forever.

“We have kept the price of our console, we have kept the price of the games and our subscription. I don’t think we can do that forever,” Spencer said, later adding, “I think at some point we’re going to have to raise some prices on certain things, but going into this holiday, we thought about it. It was very important that we maintain the prices that we have. “.

The current price of Xbox consoles in the United States starts at $299 for a Series S and $499 for a Series X. So if you’ve been waiting to get your hands on the latest generation of Microsoft’s console, now is the time to act.

Price increases in technology are coming from all directions. In recent days, companies like Sony, Samsung, Nothing, LEGO, YouTube, Spotify, Apple and more have announced price increases due to global inflationary pressure.

Sources: the edge, thurrot