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Will Xbox prices go up after PS5 hike? Microsoft speaks
In This Article
Microsoft has no current plans to raise the price of theXbox Series SorSeries Xin response Sony’s controversial decision to hike theprice of the PS5 consoles.
Sony’s £30 increase announced on Thursday has some gamers worried that an across-the-board hike might be on the way. After all, aren’t Microsoft and others like Valve all affected by the same “current global economic environment” cited by PlayStation boss Jim Ryan.
Sony has passed its increased production costs onto gamers, as did Meta a few weeks ago when itpushed the Quest 2 VRheadset up to £100. For now, Microsoft is holding the line, with no changes planned in the UK, United States or Europe.
In a statement toWindows Central, Microsoft said: “We are constantly evaluating our business to offer our fans great gaming options. Our Xbox Series S suggested retail price remains at $299 the Xbox Series X is $499.”
However, there is a slight caveat there. If Microsoft is “constantly evaluating” the business suggests this may not be a permanent state. For now, though, gamers pondering a Series S or Series X purchase.
Nintendo is also on record a saying there is no plan to raise Switch prices “at this point”. Earlier this month, Nintendo president Shuntaro Furukawa said. “Our competition is the variety of entertainment in the world, and we always think about pricing in terms of the value of the fun we offer,” he added.
In hisexplanation, Sony’s Jim Ryan said: “The global economic environment is a challenge that many of you around the world are no doubt experiencing. We’re seeing high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressure on many industries. Based on these challenging economic conditions, SIE has made the difficult decision to increase the recommended retail price (RRP) of PlayStation 5 in select markets.”
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Chris Smith is a freelance technology journalist for a host of UK tech publications, including Trusted Reviews. He’s based in South Florida, USA. …
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Founded in 2003, Trusted Reviews exists to give our readers thorough, unbiased and independent advice on what to buy.
Today, we have millions of users a month from around the world, and assess more than 1,000 products a year.
Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.
