Again.
Xbox has again raised the price of the Xbox Series S and Xbox Series X amidst a wave of new layoffs and reports that it’s planning to close down several of its studios.
In the USA, 512GB Xbox Series consoles will increase by $100 USD, and 1TB Xbox Series consoles will increase by $150 USD; 2TB consoles will be discontinued, according to Microsoft. The changes to into effect on 1 August.
This means that a 512GB Xbox Series S console will cost $499.99 USD in August (was $399.99 USD), and 1TB Xbox Series S consoles will cost $599.99 USD (was $449.99 USD). The 1TB Xbox Series X console with disc drive, which currently costs $649.99 USD, will cost $799.99 USD in August.
“Last October, we increased Xbox console price by $20-$70 in the U.S,” the publisher said in a new update.
“We hoped another price increase would not be necessary, and we have spent the last several months working with suppliers on options,” it continued. “Unfortunately, console storage and memory prices have increased by more than 2.5x and we expect another doubling by the fall of 2027.
“The entire consumer electronics industry is struggling with the current components crisis, but the effects are particularly hard on consoles,” Microsoft continued. “Unlike phones, computers, speakers, and other consumer devices, consoles are typically not sold at a profit, but instead for less than they cost to make.”
The publisher tried to dull the sting of this latest increase with the announcement of interest free financing and “buy now, pay later” schemes.
We’ve reached out to Microsoft Australia in regards to Australian price increase details.
Earlier today, reports of layoffs at South of Midnight‘s Compulsion Games started making the rounds. Just last week, it was reported that Microsoft was in the process of shutting down several of its studios including Compulsion Games, Senua’s Ninja Theory, and Psychonauts 2′s Double Fine.
The reports followed a statement by new Xbox CEO Asha Sharma which warned of a “reset” within Xbox and its studios.
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