Microsoft Raises Xbox Prices Globally, Games to Cost $80

Microsoft has announced a global price increase for its Xbox consoles, with games also set to cost $80 later this year. The Xbox Series X and Series S have seen price hikes of $100 and $80 respectively in the US, while the UK saw smaller increases. Other European countries experienced price increases similar to the US. Microsoft cites market conditions and rising development costs as the reason for the increase. This follows a similar price hike for Sony's PS5, signaling a wider trend of rising prices in the video game industry.