CNET logo Why You Can Trust CNET

Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. If you buy through our links, we may get a commission. Reviews ethics statement

Xbox Says It's Not Raising Prices on Series X|S Consoles

"Our Xbox Series S suggested retail price remains at $299 and the Xbox Series X is $499," Microsoft says.

Corinne Reichert Senior Editor
Corinne Reichert (she/her) grew up in Sydney, Australia and moved to California in 2019. She holds degrees in law and communications, and currently writes news, analysis and features for CNET across the topics of electric vehicles, broadband networks, mobile devices, big tech, artificial intelligence, home technology and entertainment. In her spare time, she watches soccer games and F1 races, and goes to Disneyland as often as possible.
Expertise News, mobile, broadband, 5G, home tech, streaming services, entertainment, AI, policy, business, politics Credentials
  • I've been covering technology and mobile for 12 years, first as a telecommunications reporter and assistant editor at ZDNet in Australia, then as CNET's West Coast head of breaking news, and now in the Thought Leadership team.
Corinne Reichert
Xbox Series X and PlayStation 5 with controllers

PS5 prices across much of the globe are rising, but the price of the Xbox is staying the same for now.

Microsoft, Sony; composite by CNET

With news earlier Thursday that Sony's PlayStation 5 pricing is getting higher in some countries, Microsoft says it won't do the same with its Xbox Series X|S consoles for now.

"We are constantly evaluating our business to offer our fans great gaming options," a Microsoft spokesperson told CNET in an emailed statement. "Our Xbox Series S suggested retail price remains at $299 and the Xbox Series X is $499. This also applies to other markets and their current pricing."

Read more: Best Xbox Racing Games for 2022

Nintendo made similar reassurances earlier this month, saying it has no plans to raise pricing on its Switch handheld console.

In a blog post Thursday, Sony announced a PS5 price increase that'll affect the UK, Europe, the Middle East, Africa, Latin America, Canada and Asian and Pacific countries, saying it's "a necessity given the current global economic environment."

Like the PS5, Meta's Quest 2 VR headset increased in price this month, by $101, with Meta citing higher component prices. Component shortages caused by the COVID-19 pandemic have led to short supply and an increase in component pricing.