Xbox responds to PlayStation’s price hike

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What you need to know

  • The PlayStation 5 is Xbox’s primary competitor in the console gaming space.
  • Today, Sony announced that the PS5 will received a price increase in major markets, including Japan and the U.K.
  • Microsoft has issued a statement to us to say that there are no plans to follow suit.

Today, Sony dropped something of an unexpected surprise on the video game industry with the announcement that it plans to raise prices of the PlayStation 5 in several key markets. The price hikes run as high as 20% or more in some regions. The company cited economic pressure and inflation as the key driver behind its decision.

Since that announcement, Xbox fans and commentators from across the gaming sphere have wondered if Microsoft would follow suit with the Xbox Series X or Xbox Series S. Microsoft has won a lot of ground in the current console generation by focusing on value via Xbox Game Pass, and the more affordable Xbox Series S, which targets 1080p while bringing next-gen speeds. One could argue it would blow a bit of a hole in that argument if Microsoft raised its console prices at a time when families are struggling in a tough economy, and it would seem that Microsoft agrees.

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