PS5 Price Increase Will Not Result in an Immediate Price Hike for Nintendo and Xbox Consoles

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A lot of users worry that Nintendo and Xbox consoles may follow Sony’s line and increase system costs as they remain a concern.

The economy has forced Sony to raise the price of the PlayStation 5 throughout many countries, and the company made that announcement yesterday. After hearing this, many wondered if other console manufacturers would follow suit. For the time being, it appears that it will not happen for now. Both Nintendo and Microsoft carefully left open the option of upcoming price inflation.

Sony’s announcement that both PS5 models would be subject to cost spikes in several regions owing to worldwide inflation left fans wondering if any other companies would fall into line. Admittedly, the internet is filled with individuals shouting at one another about which console is best and coming up with elaborate schemes to justify why different websites report positively or negatively on various platforms. Any action taken by Sony will inevitably prompt inquiries regarding Nintendo and Xbox consoles.

Read more:- Sony Reveals PSVR 2 Will Be Released in 2023

Microsoft is unsure how they will respond, so they are being vague about it. See the complete statement below:

We are constantly evaluating our business to offer our fans great gaming options. Our Xbox Series S suggested retail price remains at $299, and the Xbox Series X is $499. It also applies to other markets and their current pricing.

Though it’s good to know the price has not increased, for the time being, it’s worth noting that Microsoft may opt to raise the cost of either Xbox model if inflation continues to deteriorate.

However, Nintendo Chairman Shuntaro Furukawa stated to Nikkei Asia earlier in the month that the firm is “not considering” raising the console’s price since it does not desire to discourage individuals from purchasing the wildly successful game console.

According to Furukawa, “Our competition is the variety of entertainment in the world. And we always think about pricing in terms of the value of the fun we offer… Nintendo has sold more than 100 million Switch units so far, and it’s important to maintain the momentum of our overall business.”

Even said, Nintendo is leaving the door open to adjusting Switch costs in the future if this remark indicates. Although the company announced the better OLED form of the Switch last year, it is fair to say that Nintendo has indeed increased the cost of the console. It’s a standard way for Nintendo to boost the cost of its Switch device without resorting to the drastic rise in the price that Sony has implemented.

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