Here We Go Again: Microsoft Raises Xbox Prices Amid Memory Shortage
Key takeaways
- Microsoft announced yet another price increase for the Xbox Series X and S consoles, starting Aug. 1.
- Xbox console prices are jumping $100 for the 512GB model and $150 for the 1TB models.
- Microsoft's blog post said the company spent several months working with suppliers, hoping to avoid another price increase.
Microsoft announced yet another price increase for the Xbox Series X and S consoles, starting Aug. 1. This is the third time Microsoft has hiked the price of its Xbox consoles since May 2025, another example of gaming hardware increasing in price due to the ongoing global memory shortage.
Xbox console prices are jumping $100 for the 512GB model and $150 for the 1TB models. Microsoft says it will discontinue the 2TB version of the Xbox Series X. Here's the new breakdown of prices:
Microsoft's blog post said the company spent several months working with suppliers, hoping to avoid another price increase. "Unfortunately, console storage and memory prices have increased by more than 2.5x, and we expect another doubling by the fall of 2027." It noted that the the components crisis -- which was also behind the latest price hike for Apple products -- is hitting consoles particularly hard.