Videogame console and PC prices are now completely out of control, as we’ve seen time and time and time again as of late, so Microsoft has pulled the trigger as well (for the second time) and has announced a price bump for Xbox console hardware. Awesome.
The price hike won’t happen until August 1st, 2026, and at that time the 512GB model Xbox Series S consoles will retail for $100 more than it is now, and the 1TB models of the Xbox Series S and Xbox Series X will get bumped up by $150. The Xbox Series X 2TB model will be discontinued entirely. See a chart of the pricing changes below.
If you’re keen on tracking down an Xbox at the current price, retailers such as Amazon are still an option for now. Definitely do not participate in any Buy No, Pay Later scheme if you can help it, though Certified Refurbished Consoles are also an option.
| Xbox Hardware Model | Current Price | Price Hike | New Price (Aug 1, 2026) |
|---|---|---|---|
| Xbox Series S (512 GB) | $399.99 | +$100.00 | $499.99 |
| Xbox Series S (1 TB) | $449.99 | +$150.00 | $599.99 |
| Xbox Series X Digital (1 TB) | $599.99 | +$150.00 | $749.99 |
| Xbox Series X (1 TB w/ Disc Drive) | $649.99 | +$150.00 | $799.99 |
| Xbox Series X (2 TB) | $799.99 | Model being sunset (discontinued) | |
Check out the official announcement by Microsoft on the price changes right here and below.
Effective August 1, 2026, we will be updating prices worldwide. The price of XBOX consoles will increase by US$100 for 512 GB models and US$150 for 1 TB models. We will also be sunsetting our 2 TB model.
Last October, we increased XBOX console price by $20-$70 in the U.S. We hoped another price increase would not be necessary, and we have spent the last several months working with suppliers on options. Unfortunately, console storage and memory prices have increased by more than 2.5x and we expect another doubling by the fall of 2027. The entire consumer electronics industry is struggling with the current components crisis, but the effects are particularly hard on consoles. Unlike phones, computers, speakers, and other consumer devices, consoles are typically not sold at a profit, but instead for less than they cost to make.
Today we are also sharing programs to make XBOX consoles more accessible:
- Buy Now, Pay Later: We’ve made it easier for players to use Buy Now, Pay Later options on eligible XBOX hardware purchases through Microsoft Stores, making it possible to break up your payment into predictable short-term, interest-free installments.
- Interest Free Financing:Â Players purchasing eligible XBOX hardware through Amazon can take advantage of 0% APR financing for up to 12 months, giving players more flexibility with lower monthly payments and more budgeting control.
- Previously Played Consoles:Â We are working with retail partners on new programs to provide previously played consoles at lower prices. Players who are ready to upgrade or no longer use their console will be able to trade it in with participating retail partners for cash or store credit. Those consoles will then be made available at lower prices for players.
- Certified Refurbished Consoles: XBOX Certified Refurbished Consoles are available at Microsoft Stores for up to US$100 off MSRP.