Head of Xbox Phil Spencer has been talking to WSJ Live today as part of a new interview, where he hinted that Xbox will need to increase prices in certain areas in the future, although he refrained from providing any specifics.
As highlighted by Tom Warren on Twitter, Spencer explained that he felt it was important to keep prices the same going into this holiday period, but ultimately there will be "certain things" that require price increases in the future:
"For us running the business, we have to look at our return on the business, the cost of the business. We've held the price on our console, we've held price on games... and our subscription. I don't think we'll be able to do that forever. I do think at some point that we'll have to raise our prices on certain things..."
"Going into this holiday we thought it was really important that we maintain the prices that we have, because we think consumers right now are more uncertain than they have been in a long time, and I want our medium of videogames to be something they find attractive."
Earlier this year, Meta announced that the Meta Quest 2 would be going up in price, and this was followed by Sony increasing the price of the PlayStation 5 in certain markets, with Xbox issuing a statement at the time that the Xbox Series X and Xbox Series S wouldn't be following suit in the immediate future.
Of course, there's no guarantee that Microsoft will increase the price of those consoles, as it could be first-party games or Xbox Game Pass subscriptions that command a higher fee in the future. In any case, we seemingly won't be hearing of any price increases before next year, but it sounds like 2023 could spring one or two nasty surprises on us.
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