Microsoft increases Xbox console prices due to rising hardware costs
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Microsoft is raising the retail price of its Xbox consoles by up to $150 following a significant increase in memory and storage costs. This represents the third pricing adjustment for the gaming line since May of last year.
Amalgamated from CNET (opens in new tab), Business Insider (opens in new tab)
Microsoft has announced price increases for its Xbox gaming consoles due to rising costs for essential hardware components. According to reports from CNET, this move marks the third time the company has adjusted the retail pricing for these systems since May of last year.
The decision follows a period in which memory and storage prices increased by more than 2.5 times. These specific items are critical for the manufacturing of gaming hardware. Business Insider reports that because of these costs, the price of individual units is expected to rise between $100 and $150.
Microsoft also provided a forecast regarding future trends in the market. The report from Business Insider indicates that the company expects another doubling of memory and storage prices by the fall of 2027. These adjustments are linked directly to fluctuations in the cost of components required for large-scale electronics production.