Image: Xbox

In recent developments, Sony has made the "difficult decision to increase" - yes, increase - the price of its PlayStation 5 console in select locations around the world due to a whole host of factors. It had Xbox fans wondering if Microsoft would follow, but it seems there is no need to worry.

As you might have already seen, Microsoft has now issued a statement to various outlets, confirming the price of both the Xbox Series X and Xbox Series S will remain the same (at least in the foreseeable future).

“We are constantly evaluating our business to offer our fans great gaming options. Our Xbox Series S suggested retail price remains from £249.99 and the Xbox Series X is from £449.99.”

Compared to Xbox, it seems Sony is feeling the crunch. PlayStation president and CEO Jim Ryan explained how Sony was increasing the price in select markets due to the global economic environment, including high inflation rates.

Some of the markets on the receiving end of PlayStation's price increase include the UK, Europe, Australia, Canada and Japan. Nintendo was also asked earlier this month if it would be increasing the price of the Switch and said it had "no plans" to raise prices within Japan.

Do you think Microsoft will stick to its current Xbox prices? What are your thoughts about Sony upping the price on its systems? Leave a comment below.