Microsoft says there are currently no plans to increase the price of its Xbox Series S and Series X consoles. This comes after news of Sony’s surprising global price hike (opens in new tab) for both models of its PlayStation 5 earlier today. 

Sony cites “challenging economic conditions” as the reason for the PS5 price increase as global inflation has hit its highest levels in decades. (opens in new tab) While the company has been producing more consoles to meet its high demand, the one-two punch of supply chain issues and the current economic state of the world have not helped at all. 

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