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Xbox Announces Global Price Hike for Series X|S, Ends 2TB Model

Microsoft says surging memory and storage costs tied to AI demand have made higher console prices unavoidable and could reshape future hardware plans.

Overview

  • Xbox published the change on Thursday and will raise Series X|S prices worldwide on August 1, 2026, with 512GB models up by US$100 and 1TB models up by US$150.
  • The company confirmed it will discontinue the 2TB Series X once current stock sells out so the 1TB models become the top available option.
  • Xbox blamed the hike on a sharp jump in memory and console storage costs that it says have risen more than 2.5 times and could double again by fall 2027.
  • To soften the impact for buyers Microsoft is expanding buy‑now‑pay‑later plans, offering 0% financing through retail partners, running trade‑in programs for used consoles, and selling certified refurbished units at a discount.
  • The move follows two prior Xbox price rises and matches similar hardware increases from other makers, and executives have warned the component squeeze may force Microsoft to rethink next‑generation hardware and affect studio operations and staffing.