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Sony raised the prices of its PS5 systems and was the target of a lot of ridicule from the gaming community and other gaming companies. Due to this news, Nintendo announced that they will not raise the prices of the Switch, and Microsoft did the same. Microsoft Gaming CEO Phil Spencer has stated that Xbox systems will not experience a price increase.
This is good news for people who have been lusting after one of these systems since they were announced. Getting an Xbox Series X/S, PS5 or even a Nintendo Switch has been a pain due to the pandemic, chip shortages and too many scalpers in the market.
This is only exacerbated by the fact that Sony has announced an increase in the price of the PS5 system. In some markets outside the US, the price has increased by around $35.34 in the UK, $49.99 in Europe and $75.52 in Japan. These values are rough conversions to USD.
There will be no increase in the price of Xbox consoles
Phile Sencer spoke with CNBC recently about the Xbox and some of the company’s future plans, and the question of price came up. A questioner asked if Microsoft wanted to follow in Sony’s footsteps, and Spencer responded with good news.
“We think value is incredibly important… I can definitely say that we have no plans, today, to raise the price of our console.” That’s lucky for anyone looking to invest in getting an Xbox in the near future.
But what’s later on the timeline?
Spencer’s comment is good news for people looking to get a console soon, but there was more to his response. It doesn’t hint at potential price increases, but it does let us know that the future is unclear, even for Microsoft.
“We always evaluate our business in the future… I don’t think we can ever say, for anything, that we will never do something”. This is similar to what Nintendo said about Switch pricing. The economy is in a difficult situation, so it is difficult to say what will happen in the future. Phil Spencer said that “today” the company has no plans to increase the price of the Xbox, but that does not mean that it will not in the future.
The prices of all kinds of products and services are rising today and it seems that there will be no end to it anytime soon. Any company that maintains their devices at their original prices is handling a ticking time bomb. The Nintendo Switch came out back in 2017. How long can the company keep it at its current price? Nobody knows.
In any case, if you want to get an Xbox system, now is the time to start preparing. We don’t know how long these prices will last.