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Xbox prices are going up in major regions for Microsoft as the current situation with tariffs likely to have resulted in these changes.
PlayStation 5 and now even Xbox prices are going up due to the tariff changes
Microsoft has announced that it is raising prices on its Xbox games, consoles and accessories worldwide, citing market conditions during the ongoing trade war. This comes two weeks after rival Sony made a similar move with its PlayStation 5 prices across Europe, Australia and New Zealand, citing inflation and a tough economic environment.
The company announced the price hikes for Xbox consoles and controllers would come into effect from May 1. With these changes, the entry-level Xbox Series S 512 GB price goes up from $300 (Rs 25,500 approx) to $380 (Rs 32,300 approx).
Similarly, the more powerful Series, Xbox Series X 2TB Galaxy Special Edition will sell for $730 (Rs 62,00 approx) up from $599.99 (Rs 51,000 approx).
The company also confirmed that some new first-party games would be priced at $79.99 (Rs 6800 approx) this holiday season. While the company is increasing its prices globally, controller and headset prices will also go up only in the US and Canada.
In a blog post, Xbox wrote, “We understand that these changes are challenging, and they were made with careful consideration given to market conditions and the rising cost of development.”
“Looking ahead, we continue to focus on offering more ways to play more games across any screen and ensuring value for Xbox players,” they added.
While not explicitly mentioned by the company, Donald Trump’s tariffs on Washington’s trading partners have cast a shadow over the gaming industry. And over the years Xbox has been manufactured in China, which is why it faces 145 percent US tariffs on a wide range of products.
Xbox US Price Hikes
In the United States, the entry-level Xbox Series S will see a 27-percent increase, and the premium Series X Galaxy Black model will now retail with a 22-percent hike.
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