Microsoft hinted that Xbox price hikes may happen. This detail was shared by Microsoft Gaming CEO Phil Spencer.
He had an interview with the Wall Street Journal's conference this October.
"We've held price on our console, we've held price on games... and our subscription," said the Spencer.
Phil Spencer hints at future Xbox Game Pass or console price increases at WSJ Live
— Tom Warren (@tomwarren) October 26, 2022
"I do think at some point we'll have to raise the prices on certain things, but going into this holiday we thought it was important to maintain the prices."
However, the Microsoft Gaming official added that the company can't maintain its products' prices forever. Phil further explained that they have to raise costs at some point.
Microsoft Xbox Price Hikes Likely to Happen
According to Trusted Reviews' latest report, Microsoft wants to maintain the prices of its Xbox products during the upcoming holidays.
Spencer stated that Xbox consumers are quite uncertain when it comes to Microsoft Gaming products compared to the past years.
Because of this, they want their video games to remain as attractive as possible. However, the current prices may soon change.
"We've held price on our console, we've held price on games... and our subscription. I don't think we'll be able to do that forever. I do think at some point we'll have to raise some prices on certain things..." pic.twitter.com/jRt5ifKpE5
— Tom Warren (@tomwarren) October 26, 2022
Enthusiasts believe that Microsoft will start implementing its Xbox price hikes as early as 2023. But, which product would be affected by these cost increases?
Which Xbox Product Would be Affected?
Kotaku reported that Xbox games are likely to be affected by the upcoming price hikes.
Aside from these video games, the Xbox Game Pass service's costs could also increase, especially since other rival subscription services already adjusted their prices.
However, Xbox consoles may not be included. Microsoft critics said that gaming consoles' prices are commonly becoming cheaper over time.
So, instead of being included in the price hikes, Xbox Series X and Series S will experience cost decreases.
But, with the ongoing inflationary crisis, there's a small chance that Xbox gaming devices would be affected, especially since there are production issues, such as component shortages, labor scarcity, and other similar problems.
You can click here to know more details about the upcoming Xbox price hikes.
In other news, Microsoft's Apple Music integration has been confirmed.
Meanwhile, the Microsoft Office is reportedly retiring soon.
For more news updates about Microsoft and its products, always keep your tabs open here at TechTimes.
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Written by: Griffin Davis
