Microsoft raises Xbox prices globally, following Sony
The Peninsula
New York: Microsoft announced Thursday that it will increase Xbox console prices worldwide, citing market conditions just days after Sony made a sim...
New York: Microsoft announced Thursday that it will increase Xbox console prices worldwide, citing "market conditions" just days after Sony made a similar move with its PlayStation 5.
The tech giant also plans to raise prices for some new games developed by its video game subsidiaries.
"We understand that these changes are challenging, and they were made with careful consideration given market conditions and the rising cost of development," the company said on its website.
While not explicitly mentioned by Microsoft, US President Donald Trump's tariffs on Washington's trading partners have cast a shadow over the gaming industry.
Xbox consoles are primarily manufactured in China, which faces 145 percent US tariffs on numerous products under the Trump administration.
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