Phil Spencer hinted that Xbox consoles as well as the Game Pass subscription price may increase at some point in the future.
In August 2022, PlayStation 5 console prices have increased globally. Well, other than the United States for some reason. As you can imagine, various parts of the world that were affected by the price increase were not very happy.
The price of the PS5 has increased around the world, mainly
At the time of the increase, the Chairman and Chief Executive Officer of SIE, jim ryan claimed that global inflation as well as currency trends were to blame. Adding that the global economy is “impacting consumers and creating pressure on many industries.”
Many PlayStation fans were unhappy with an £82bn business pleading poverty, not to mention that PS5 Out of Stock are still a global problem.
Xbox wasn’t raising its prices yet
Otherwise, the next monthboss xbox Phil Spencer said: “At a time when our customers are more economically challenged and uncertain than ever, we don’t believe it’s the right decision for us at this point to raise the prices of our consoles.”
Phil Spencer Hints at Xbox Price Increase
However, just this week, during a speech during The Wall Street Journal Live, Spencer suggested that Xbox consoles as well as the Game Pass subscription service could see a price hike. Fortunately, Microsoft$1.73 trillion company won’t raise prices until Christmas.
“I think at some point we will have to raise the prices of some things, but as we get closer to this holiday, we thought it was important to hold the prices down. explained Spencer.
He continued: “We have maintained the price of our console, we have maintained the price of games… and our subscription. I don’t think we can do this forever. I think at some point we will have to raise the prices of some things…”
An increase in Xbox Game Pass is likely
Like with sony price hike, I’m sure an increase on Xbox Series X|S consoles won’t sit well with many. In addition, Xbox Game Pass offers excellent value for money. That said, as for netflix, an increase in the subscription model is still likely. Let’s just hope that when this increase does occur, it will be by little.
Finally, what do you think of the potential Xbox price increases? Let us know on our social media channels.
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Featured image credit: Microsoft/Source: MP1ST