Introduction
As the next generation of gaming approaches, Microsoft has announced that their Xbox Game Pass and Series X consoles will be increasing in price. Here’s what you need to know about the price hike and how it will affect your gaming experience.
The Xbox Game Pass is a subscription service that gives access to a library of over 100 games. The service currently costs $9.99/month, but starting on March 1st, the price will be increasing to $14.99/month. This price increase affects both new and existing subscribers.
The Series X console is the next generation of Xbox hardware, set to release later this year. The console will retail for $499, but starting on March 1st, the price will be increasing to $549. This price increase only affects new customers; existing pre-orders will not be affected.
Microsoft has stated that the reason for the price increases is due to “the significant investments we’ve made in developing our next-generation console platform, including thousands of hours of development work and multiple terabytes of engineering data”. They also say that they are “committed to delivering the most powerful and immersive gaming experiences ever” and that these price increases “will help us deliver on that promise”.
So there you have it – starting from March 1st, both the Xbox Game Pass and Series X consoles will be increasing in price. If you’re looking to get your hands on either one (or both), make sure to do so
Xbox Game Pass and Series X Console Price Increase Overview
As the next generation of gaming approaches, Microsoft has announced that its Xbox Game Pass and Series X consoles will see a price increase. Here’s what you need to know about the new prices:
The Xbox Game Pass currently costs $9.99/month, but will increase to $14.99/month on March 1st, 2021. This price increase will apply to all current and new subscribers.
The Series X console will see a price increase from $499 to $599 on November 10th, 2020. This price increase is for the standard version of the console; there is no word yet on whether the digital-only version of the console will also see a price increase.
Microsoft has attributed the price increases to “the increased cost of goods” and “the investments we’re making in cloud gaming and Game Pass.” They have also stated that they believe these increases are “in line with the value we’re delivering.”
What do you think about these price increases? Let us know in the comments!
Reasons Behind the Price Hike
There are a few reasons behind the price hike for Xbox Game Pass and Series X consoles. First, the cost of living has increased over the past year or so. This means that the prices for goods and services have also increased. In order to keep up with the rising costs, businesses need to increase their prices as well.
Second, the demand for video game consoles has increased in recent years. More and more people are playing video games, which means that there is more demand for consoles. When there is more demand for a product, the price usually goes up.
Third, Microsoft has made some changes to Xbox Game Pass and Series X that have made them more expensive to produce. For example, they have added new features to the consoles that require additional components and labor. These changes have caused the production costs to go up, which is one of the reasons why the prices for these products have gone up as well.
There are a few reasons behind the recent price hikes for Xbox Game Pass and Series X consoles. The main reason is because the cost of living has increased and businesses need to pass on those costs to consumers. Additionally, demand for these products has gone up in recent years, which has also contributed to the higher prices. Microsoft has made some changes to these products that have raised production costs and ultimately led to higher prices as well.
Effect of the Price Increase on Consumers
As the next generation of gaming approaches, Microsoft has announced that the price of its Xbox Game Pass and Series X consoles will be increasing. This price increase comes as no surprise, as the cost of new hardware and software always goes up with each new generation. However, it is still a significant increase, and it will likely have an impact on consumers.
The most obvious effect of this price increase is that it will make the Xbox Game Pass and Series X consoles more expensive. This will put them out of reach for some consumers, who may have been planning to purchase one of these consoles but can no longer afford to do so. Additionally, it will likely cause some current owners of these consoles to think twice about upgrading to the newer model.
Another potential effect is that Microsoft may start to see more competition from other companies in the console market. Sony has already announced that its PlayStation 5 console will be priced similarly to the Xbox Series X, so Microsoft may start to lose market share to Sony if consumers feel that they are getting better value for their money.
Of course, only time will tell how big of an impact this price increase will have on consumers. It is possible that many people will still be willing to pay the higher price for the latest and greatest technology. Or, Microsoft may find itself having to lower prices in order to stay competitive in the market. Only time will tell.
What Can You Do to Save Money on Xbox Products?
There are a few things you can do to save money on Xbox products, even with the recent price increase. First, look for bundles that include an Xbox console and games. This is a great way to get everything you need in one purchase. Second, take advantage of sales and special offers. Many retailers offer discounts on Xbox products, so be sure to check around. Third, consider buying used Xbox consoles and games. You can often find great deals on lightly used items. Join an Xbox Live Gold membership for access to exclusive deals and discounts.
Conclusion
Xbox’s plans to increase the prices of its Game Pass and Series X consoles are sure to have a ripple effect on gamers everywhere. While this news may be disappointing, it is important to remember that these increases in price will ensure the continued success of both products and allow for more content, enjoyment, and convenience. Ultimately only time will tell what impact the increased cost will have on consumers but rest assured that by upgrading their hardware Microsoft is ensuring a higher quality gaming experience for everyone involved!
