After the announcement of the PlayStation 5 price hike, there has been much speculation about whether this price increase would also affect Xbox consoles. But those speculations are over. Microsoft has issued a statement to say there are no plans to follow suit. Sony has given an unexpected surprise to the video game industry with this announcement, as the PlayStation price increase would reach 20% or more in some regions.
The Sony’s arguments were economic pressure and inflation as the main driver of its decision. The interesting thing was that Xbox finally responded that it would not raise prices. Since that announcement, Xbox fans and commentators from across the gaming world have wondered if Microsoft would follow suit with the Xbox Series X or Xbox Series S.
PlayStation price hike
Microsoft has gained a lot of ground in the current generation of consoles by focusing on value through Xbox Game Pass, and the more affordable Xbox Series S has managed to earn its place in the console market. Raise prices at this time when families are struggling in a tough economy It does not seem the best option to get the console to more homes, and it seems that Microsoft agrees.
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In a statement regarding PlayStation’s price hike, a spokesperson for Microsoft has confirmed that there are no plans to increase the price of the Xbox Series X or Xbox Series S, reiterating that they will maintain their reference prices in various currencies, including dollars, pounds sterling and euros. While this isn’t an absolute guarantee that we’ll never see a price hike for the Xbox Series X and Xbox Series S consoles, it’s certainly an encouraging sign that Microsoft has no intention of doing so any time soon.