Key facts
- Microsoft is increasing Xbox console prices globally.
- The price increase takes effect on August 1.
- Prices will rise by $100 for 512GB models.
- Prices will rise by $150 for 1TB models.
- The 2TB Xbox model is being discontinued.
- The price hike is due to soaring storage and memory costs.
Microsoft is implementing a global price increase for its Xbox consoles, with the new prices taking effect on August 1. The company cites soaring costs for essential components, specifically storage and memory, as the primary driver for this decision. The price adjustments will see a $100 increase for models equipped with 512GB of storage. For consoles featuring 1TB of storage, the price will rise by $150. Concurrently, Microsoft is discontinuing the 2TB model of the Xbox console. This move reflects the ongoing challenges in the supply chain and the increasing expense of manufacturing gaming hardware.