What you need to know<\/h2>\n\n- The PlayStation 5 is Xbox’s primary competitor in the console gaming space.<\/li>\n
- Today, Sony announced that the PS5 will received a price increase in major markets, including Japan and the UK<\/li>\n
- Microsoft has issued a statement to us to say that there are no plans to follow suit.<\/li>\n<\/ul>\n
Today, Sony dropped something of an unexpected surprise on the video game industry with the announcement that it plans to raise prices of the PlayStation 5 in several key markets. The price hikes run as high as 20% or more in some regions. The company cited economic pressure and inflation as the key driver behind its decision.<\/p>\n
Since that announcement, Xbox fans and commentators from across the gaming sphere have wondered if Microsoft would follow suit with the Xbox Series X or Xbox Series S. Microsoft has won a lot of ground in the current console generation by focusing on value via Xbox Game Pass , and the more affordable Xbox Series S, which targets 1080p while bringing next-gen speeds. One could argue it would blow a bit of a hole in that argument if Microsoft raised its console prices at a time when families are struggling in a tough economy, and it would seem that Microsoft agrees.<\/p>\n
Today, Sony dropped something of an unexpected surprise on the video game industry with the announcement that it plans to raise prices of the PlayStation 5 in several key markets. The price hikes run as high as 20% or more in some regions. The company cited economic pressure and inflation as the key driver behind its decision.<\/p>\n
Since that announcement, Xbox fans and commentators from across the gaming sphere have wondered if Microsoft would follow suit with the Xbox Series X or Xbox Series S. Microsoft has won a lot of ground in the current console generation by focusing on value via Xbox Game Pass , and the more affordable Xbox Series S, which targets 1080p while bringing next-gen speeds. One could argue it would blow a bit of a hole in that argument if Microsoft raised its console prices at a time when families are struggling in a tough economy, and it would seem that Microsoft agrees.<\/p>\n