The head of Xbox, Phil Spencer, has revealed that Xbox console prices won't be changing anytime soon. Spencer, who serves as the CEO of Microsoft Gaming, made this revelation during a recent interview with Squawk Asia where he also discussed Tencent, Japanese role playing games (JRPGs), and discord.
In August, Sony announced it would be increasing the price of the PlayStation 5 console in select markets. This move, the company said, had become necessary in light of the still-ongoing hardware changes and supply chain issues generated by the COVID-19 pandemic. However, Xbox and Nintendo wanted no part of it.
Spencer has now reiterated this decision, which is bound to make fans who are yet to get the company's latest generation consoles happy.
Here's what Spencer said about increasing the price of the Xbox Series S/X: We love the position of the Series S in the market, which is our lower cost console; over half of our new players that we're finding are coming in through Series S. I can definitely say we have no plans today to raise the price of our consoles.