Following the news that Sony will increase the price of the PlayStation 5 in several markets, Microsoft has confirmed that it is not planning similar moves to adjust the price of the Xbox Series X and S.
In a statement to Windows Central, Microsoft confirmed that there are no plans to raise the price of the Xbox Series X or Series S and that the consoles will remain at their current price in the US, UK, and Europe.
Microsoft says the Series S suggested retail price will remain at $299 and the Series X will remain at $499.
The statement follows the news from earlier that Sony will be adjusting the price of the PlayStation 5 in Europe, the UK, the Middle East, Africa, Asia, Latin America, and Canada. In a PlayStation Blog, the company announced a ~$50 price increase for the PlayStation 5 and PS5 Digital Edition in numerous markets citing the global inflation rate and “adverse currency trends,” as the reason.
For example in the UK, the PS5 with a disc drive will now cost £479.99, up from £449.99 and the Digital Edition costs £389.99, up from £359.99.
Sony isn’t the only hardware manufacturer to increase the price of its system as a result of the global economy. Meta announced earlier this year that it will increase the price of its popular Meta Quest 2 VR headset by $100.
Experts say that the global supply chain is still under stress leading to these price increases. Though Ampere Analysis’ Piers Harding-Rolls suggests Sony might not be impacted by the price bump due to continued demand.
The supply chain has been under stress since nearly the start of the COVID-19 pandemic and has been exasperated by the global economy as well as the Russian invasion of Ukraine.
Matt T.M. Kim is IGN’s News Editor. You can reach him @lawoftd.