AssetID: 55896844
Headline: UNCAPTIONED: Microsoft Raises Xbox Console Prices Worldwide
Caption: Microsoft Raises Xbox Console Prices Worldwide. Microsoft has increased Xbox console prices globally, citing rising costs for memory and storage components used in its hardware. The Xbox Series X with a disc drive now costs £670, up from its previous £500 price. Meanwhile, the entry-level Xbox Series S now sells for £430, marking a sharp increase from £300 previously. Microsoft said it had hoped to avoid another price hike but rising component costs made the increase necessary. The company also raised U.S. prices, with some Xbox models becoming up to 150 dollars more expensive. Sony and Valve have also increased hardware prices, pointing to similar cost pressures across the gaming industry. Demand for AI technology has driven higher prices for memory chips and graphics components used in gaming devices. The latest increases have sparked backlash from gamers, with many criticizing higher prices for consoles released several years ago. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs and Politics,Microsoft,Xbox,Xbox Series X,Xbox Series S,gaming,console prices,Sony,Valve,AI,memory chips,graphics components,gaming industry,hardware,semiconductor,technology
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