Xbox boss Phil Spencer has confirmed that “at a time when our customers are more financially challenged and uncertain than ever, we don’t think it’s the right move for us at this time to raise the price of our consoles.”
In an interview with CNBC’s Squawk Asia, Spencer said that while the company was “always evaluating our business going forward” and “can[‘t] ever say […] that we’ll never do anything,” there were currently no plans to follow Sony and raise prices for its hardware.
“When we look at our consoles today, the Series X and Series S, we think value is incredibly important, and we love the Series S’ position in the market, which is our lowest cost console,” Spencer confirmed, adding : “over helped by our new players that we are finding that are coming through the Series S.”
$MSFT’s @XboxP3 talks about #Tencent, #JRPG and @discord, and explains why it’s not time to follow $SONY’s price hike. #Xbox #PlayStation pic.twitter.com/BCIY0wE8GtSeptember 16, 2022
“I can definitely say that today we have no plans to raise the price of our consoles,” he said.
“We believe that at a time when our customers are facing more economic challenges and uncertainty than ever before, we don’t think it’s the right move for us at this time to increase the price of our consoles.”
Last month, Sony increased the price of ps5 all over the world, America being the only exception (opens in a new tab). Citing the “global economic environment, including high rates of inflation” as the reason behind the price increase, Sony said the price of the PS5 would increase effective immediately.
This means the PS5 is now £479.99 in the UK for the base model, while the all-digital version retails for £389.99. The former now costs C$649.99 in Canada and the latter retails for C$519.99, while the PS5 costs A$799.95 in Australia and the digital version costs A$649.95.
“While this price increase is a necessity given the current global economic environment and its impact on SIE’s business, our top priority remains improving the supply situation for PS5 so that as many gamers as possible can experience everything that’s possible. offers PS5 and what is to come”. ”, PlayStation CEO Jim Ryan said at the time.
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