Microsoft Raises Xbox Prices Amid Industry Upheaval

Microsoft has announced significant global price increases for Xbox Series X and Series S consoles, accessories, and new first-party games, citing rising development costs and tariffs on tech imports from China, Japan, and Vietnam. The Xbox Series X will now retail for up to $599 in the US, with the Series S and accessories seeing similar hikes. New first-party Xbox game prices will rise to $79.99, aligning with Nintendo's upcoming Switch 2 pricing, while Sony has also raised PlayStation 5 prices in some markets. Industry analysts warn that these tariff-driven increases and economic pressures could slow growth in the gaming sector as consumers face tighter budgets. In addition, the gaming media landscape is shifting, with Polygon being sold to Valnet and layoffs occurring at Giant Bomb amid industry consolidation. These changes reflect broader trends of rising costs and realignment across both gaming and media industries.