Xbox Console Prices Set to Soar in October: A Second Wave of Hikes Hits Global Markets

Gamers, brace yourselves. Microsoft has confirmed a new round of price increases for its popular Xbox Series X and Series S consoles, set to take effect this October across several major global markets. This isn't just a minor adjustment; it marks a significant second wave of price hikes, following earlier increases seen in Japan.

The tech giant attributes these changes to prevailing economic conditions, including inflationary pressures and local market dynamics, echoing similar sentiments expressed by competitors like Sony when they raised PlayStation 5 prices last year.

While the gaming industry continues to thrive, the cost of hardware is clearly not immune to the broader economic climate.

Starting in October, players in the United Kingdom, Europe, Canada, Australia, and New Zealand will see the sticker price of their coveted Xbox consoles rise. For those eyeing the powerful Xbox Series X, the new price points will be:

• United Kingdom: £479.99 (up from £449.99)
• Europe: €549.99 (up from €499.99)
• Canada: CAD $649.99 (up from CAD $599.99)
• Australia: AUD $799.00 (up from AUD $749.00)
• New Zealand: NZD $849.00 (up from NZD $799.00)

The more affordable, digital-only Xbox Series S is also subject to these adjustments:

• United Kingdom: £249.99 (up from £209.99)
• Europe: €299.99 (up from €269.99)
• Canada: CAD $379.99 (up from CAD $329.99)
• Australia: AUD $429.00 (up from AUD $399.00)
• New Zealand: NZD $449.00 (up from NZD $399.00)

It's worth noting that Japan previously saw its Xbox Series X price increase to JPY ¥59,978 (from JPY ¥54,978) and the Series S to JPY ¥37,978 (from JPY ¥32,278).

This latest round of increases extends the trend to other key territories, potentially putting a dent in holiday shopping budgets for many aspiring console owners.

This strategic move by Microsoft follows a period where both major console manufacturers have had to re-evaluate their pricing structures.

While the initial launch prices of the current generation consoles were held for some time, the persistent global economic challenges have made maintaining those price points increasingly difficult. The decision aims to ensure the long-term sustainability and profitability of the Xbox gaming division in a volatile market.

For consumers, this means that the window to acquire an Xbox Series X or Series S at its original, lower price is rapidly closing.

Those who have been on the fence about purchasing a console might want to consider making their move before October rolls around. The gaming landscape continues to evolve, not just in terms of titles and technology, but also in the economics that drive the industry.