Microsoft is raising Xbox console prices again, making the Series X and Series S even more expensive from August 1.
Microsoft has confirmed that Xbox console prices will increase worldwide, with 512GB models going up by $100 and 1TB models rising by $150. The company says the latest increase is tied to higher storage and memory costs, which have become another problem for console hardware.
These are fairly steep increases across the whole Xbox console lineup. The Xbox Series S 512GB will rise to $500, while the 1TB version will cost $600. The Xbox Series X 1TB Digital Edition will move to $750, and the disc-drive version will cost $800.
We don’t yet know the new prices for consoles in the UK, but if you’re in the market, you might want to buy now.
Microsoft is also discontinuing the 2TB version of the Xbox Series X, so buyers who want more built-in storage will have fewer options going forward.
In its blog post, Microsoft said it had spent months working with suppliers to avoid another price rise. However, the company says console storage and memory prices have increased by more than 2.5 times, with another doubling expected by fall 2027.
To soften the blow, Microsoft is introducing more payment options for Xbox hardware in the US. These include buy now, pay later options through Microsoft Stores, along with 0% APR financing for up to 12 months through partners.
The company is also pointing buyers toward previously played consoles and Xbox Certified Refurbished models, which may help some players avoid the full cost of buying new hardware.
For Xbox fans, the timing is especially frustrating. The Xbox Series X was already one of the pricier home consoles, and this latest increase pushes it even closer to gaming PC territory.
It also makes the smaller Xbox Series S harder to pitch as an affordable way into the Xbox ecosystem. At $500 for the base model, Microsoft’s budget console suddenly looks a lot less budget-friendly.
Microsoft isn’t alone in upping prices this week, as Apple has hiked the costs of Macs, iPads and other products.
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