Phil Spencer confirms that the latest generation of Xbox will not increase in price.
It was during an interview with CNBC Squawk Asia that Phil Spencer confirmed that the Xbox Series X and S will remain at their original price. He saw fit to set the record straight following Sony’s announcement of its price increase for the PlayStation 5 in several territories. The consoles are currently at $379 for the Xbox Series S and to 599$ pour la Xbox Series X.
We like the position of the Xbox Series S in the market, which is our lowest priced console, over half of our new players are coming through the Series S. I can definitely say that we have no plans today today to increase the price of our consoles.
We believe that at a time when our customers are more financially challenged and uncertain than ever, it is not the right decision for us at this point to raise console prices.
We’re constantly evaluating our business going forward, so I don’t think we can say it’s ever going to happen. But when we look at our consoles today, we think value is incredibly important. (Translated from English, taken from the interview with Phil Spencer)
$MSFT‘s @XboxP3 talks #Tencent, #JRPG‘s, and @discord – and explains why it’s not time to follow $SONY‘s hike in prices. #Xbox #PlayStation pic.twitter.com/BCIY0wE8Gt
— Squawk Asia (@asiasquawkbox) September 16, 2022
Sony announced on August 25 that it would increase the prices of these PlayStation 5s in Canada, Europe, the United Kingdom, the Middle East, Africa, Asia and Latin America. The company gave for cause of the great rates of inflation present throughout the world currently and the loss of value of certain currencies. For a more affordable next-gen console, the ball is now in Microsoft’s court.