Phil Spencer reiterates that there are no intentions for a price increase on Xbox Seriesconsoles

Phil Spencer reiterates that there are no intentions for a price increase on Xbox Seriesconsoles

Sony may have increased the price of PS5 in select markets, but Microsoft is not planning to follow suit.

Microsoft has announced that it will not pay for its Xbox Series consoles in a closed box session with CNBS Asia.

"I don''t think we can say on everything we will never do something," Spencer said about the 3:45 mark. "But when we look at our consoles today, value is increibly inportant. We love the ability of Series S in the market which is our lower-cost console, half of our news players are coming in with Series S.

"I can definitley say we have no intentions to raise the price of our conosles. "We believe that in a time when our customers are more equinomically challenged and uncertain that ever, it''s not the right move for us at this point to be increasing prices on our consoles."

Specer''s point expresses interest in a Microsoft spokesperson who said in late August that the company had no intention to increase the price of its consoles.

Due to rising inflation rates and inconsistent currency trends, Sony announced last month that its PS5 pricing was rising across a wide spectrum of markets. The United States is the only market that did not see a price rise - at least not yet.

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