After Apple, Microsoft raises Xbox prices: New console rates and effective date
Follow UsMicrosoft has announced a major price hike for Xbox consoles.
The company cites the price increase in console storage and memory as the reason for the decision
The updated Xbox console prices will come into effect on August 1.
Just after Apple increased the prices of a range of products, including Macs, smart home devices and streaming hardware, Microsoft has announced a major price hike for Xbox consoles. The company cites the price increase in console storage and memory as the reason for the decision. According to the company, storage and memory prices have increased by more than 2.5 times, and they could double again by the fall of 2027. “The entire consumer electronics industry is struggling with the current components crisis, but the effects are particularly hard on consoles,” the firm said. Microsoft also noted that consoles are usually “not sold at a profit, but instead for less than they cost to make.” Along with the price hike, Microsoft also announced new financing and trade-in programs to make Xbox consoles easier to buy.
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Updated Xbox console prices, effective date and other details
The updated Xbox console prices will come into effect on August 1, 2026, globally. The price of Xbox consoles will increase by $100 for 512 GB models and $150 for 1 TB models. Microsoft will be sunsetting the 2 TB model.
Microsoft also shared programs to make Xbox consoles more accessible to gamers. Customers buying eligible Xbox hardware from Microsoft Stores can use Buy Now, Pay Later plans to split payments into short-term, interest-free installments. The company is also working with financing partners to offer 0 per cent APR financing for up to 12 months on eligible Xbox hardware.
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Players will be able to trade in their old Xbox consoles at participating retailers for cash or store credit. These traded-in consoles will then be resold at lower prices.
Despite the price increase, Microsoft said the Xbox Series S will remain its most affordable console option for players looking to enjoy upcoming game releases. “XBOX Series S remains the lowest-cost way for console players to enjoy the biggest hits this year, including Assassin’s Creed Black Flag Resynced, Call of Duty: Modern Warfare 4, Gears of War: E-Day, Grand Theft Auto VI, Halo: Campaign Evolved, and Madden NFL 27,” the company said.
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