Video Games

Phil Spencer Reiterates That Xbox Has No Plans for a Price Hike

Phil Spencer has reiterated that Microsoft has no plans to raise the price of the Xbox Series X or S following Sony’s recent price hike of the PlayStation 5 in some regions.

Speaking to CNBC’s Squawk Asia (below), the Xbox boss revealed that the Xbox Series X and S will remain priced at $499 and $299 respectively.

“We’re always evaluating the business going forward, so we can’t say we’re doing nothing,” Spencer said.

“We love the position of the Series S in the market. I can assure you that there are no plans to increase the price of the console.

“We believe that our customers are in more difficult and uncertain times financially than ever before, so we don’t think increasing console prices at this time is the right move for us.”

Spencer first made clear this was the case last month when the industry’s eyes turned to Xbox following the PlayStation price hike.

On August 25, Sony announced that it would be raising the price of PS5 in Europe, the UK, the Middle East, Africa, Asia, Latin America and Canada as a result of high global inflation and unfavorable currency performance. Told.

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