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Reuters

Microsoft’s Xbox is increasing the prices of its video gaming consoles, controllers, first-party titles and other accessories, following similar moves by competitors due to US tariffs affecting global supply chains.
In a blog post on Thursday, Xbox said it would raise prices of its products in the US, Europe, Australia and the UK.
The more powerful Xbox Series X console will now retail for around US$600 in the US, an increase of US$100.
The move comes a few weeks after PlayStation maker Sony raised the prices of its PlayStation 5 console in various markets, signalling that console manufacturers are preparing for increased manufacturing costs due to tariffs.

The PlayStation 5 Pro console is priced around US$700 in the US.
Gaming consoles are expected to be the biggest driver of growth for the video game industry this year, with Nintendo gearing up to launch its long-awaited Switch 2 in June.
But the hefty levies imposed by the administration of US President Donald Trump on major manufacturing hubs such as Japan, China and Vietnam have led to a surge in prices.
Some analysts have warned that these tariffs could hinder industry growth, as potential economic recession and rising inflation may lead consumers to reduce discretionary spending.
Nintendo resumed pre-orders for the Switch 2 late last month after initially delaying them in the US due to tariff uncertainties.
Xbox will increase prices of certain first-party games to around US$80, following Nintendo’s similar pricing for Mario Kart World, potentially setting a new industry standard as development costs rise.


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Hefty levies imposed by Trump on manufacturing hubs such as Japan, China and Vietnam have led to a surge in console prices


Hefty levies imposed by Trump on manufacturing hubs such as Japan, China and Vietnam have led to a surge in console prices.
