Xbox says it won't follow PlayStation 5 price hike Eurogamer.net If you click on a link and make a purchase we may receive a small commission. Read our editorial policy. Xbox says it won't follow PlayStation 5 price hike "When our customers are more economically challenged and uncertain than ever, we don't think it's the right move." News by Tom Phillips Deputy Editor Published on 16 Sep 2022 112 comments Xbox boss Phil Spencer has reiterated that Microsoft has no plans to raise the price of its consoles - after Sony stunned fans last month by hiking the price of PlayStation 5. Speaking overnight to CNBC, Spencer noted the current economic issues many were facing, and said Xbox didn't think it "was the right move for us at this point" to follow suit. "In a time when our customers are more economically challenged and uncertain than ever, we don't think it's the right move for us at this point to be raising prices on our consoles," Spencer said. Watch on YouTube Eurogamer Newscast: Were Nintendo Direct and PlayStation State of Play a disappointment? Would Spencer rule out ever increasing the Xbox Series X/S prices? No, he couldn't - but from his comments today, it sounds unlikely. The Xbox boss noted how "value is incredibly important" and that the company was seeing success with its lower-priced £250 Xbox Series S console - which accounted for more than half of Series X/S sales. "Y'know, we're always evaluating our business going forward so I don't think we can ever say on anything that we will never do something," Spencer explained. "But when we look at our consoles today... we think value is incredibly important. "We love the position of Series S in the market - which is our lower cost console. Over half of our new players that we're finding are coming in through Series S. And I can definitely say we have no plans today to raise the price of our consoles." Nintendo recently commented to reassure customers it also had no plans for a similar price hike for Nintendo Switch. Writing last month to announce the price rise, PlayStation boss Jim Ryan blamed Sony's decision on "high global inflation rates, as well as adverse currency trends, impacting consumers and creating pressues on many industries" and said it had been a "difficult decision". The move was widely criticised, especially at a time when many are facing increased economic hardship. Speaking to Eurogamer, industry analyst David Gibson of MST Financial explained that Sony's decision was due to foreign exchange costs which it was now passing on to consumers. "Sony would have budgeted on certain cross rates versus its costs in dollars," Gibson explained, "but the pound and other currencies have all moved because of rising interest rates. Yes, freight rates have gone up but the semiconductor market is improving and DRAM prices are falling. The fact Sony didn't change US prices shows how it's largely a forex situation versus costs in dollars, and not inflation." During the same CNBC interview today, Spencer was also asked to discuss the increasingly public row over Microsoft's intent to buy Activision Blizzard, and the war of words being traded by it and Sony over Call of Duty. Become a Eurogamer subscriber and get your first month for £1 Get your first month for £1 (normally £3.99) when you buy a Standard Eurogamer subscription. Enjoy ad-free browsing, merch discounts, our monthly letter from the editor, and show your support with a supporter-exclusive comment flair! Support us View supporter archive More News Atari will hold RollerCoaster Tycoon rights for another decade Ups and downs. 7 Lady Dimitrescu will be a tad smaller in Resident Evil Village's Mercenaries DLC Level the playing field. 1 Overwatch 2 suffers another DDoS attack and character roster bugs Mei Mei. 7 Nintendo Switch firmware update lets you take screenshots in the Switch Online app The app on your console, not your phone. 7 Latest Articles Genshin Impact Path of Gleaming Jade dates, login event rewards Including other anniversary rewards and how to claim them. Atari will hold RollerCoaster Tycoon rights for another decade Ups and downs. 7 Jelly Deals Logitech's G Pro X gaming headset is its lowest-ever price during Amazon's Early Access sale Prime Members can get it for just £52. Jelly Deals Save over £500 off the retail price on this beefy ASUS TUF Dash gaming laptop from Amazon Under £1080 for an RTX 3070 laptop. Supporters Only Premium only Off Topic: Take a minute to appreciate Cookin' with Coolio's incredible scallops recipe. What a great book. Premium only Off Topic: Reading City of Glass in comic form "Where exactly am I going?" Premium only Off Topic: Il Buco is a transporting film about a really big hole Underlands. Off-Topic Netflix handled Sandman brilliantly It was Dreamy. 9 Buy things with globes on them And other lovely Eurogamer merch in our official store! Explore our store