Earlier today, Sony announced that in most regions PlayStation 5 will see a price increase as a result of inflation. In response to this news, people began to wonder if other console manufacturers would raise prices. The answer, at least for now, seems to be no. But both Nintendo and Microsoft have tried to keep prices from going up in the future.
After Sony confirmed it, due to ongoing global inflationprices for both PS5 versions will increase in several regions.including Canada, Mexico, China and the UKThe next obvious question that a lot of people had was: would another company take the same drastic step? This is the internet, after all, a place where people are constantly yelling at each other about which console is better or worse and conspiring to explain why websites write good or bad news about consoles. So, of course, if Sony is doing something, people should pick sides and start asking questions about Xbox and Nintendo.
Kotaku contacted Xbox about the Sony PS5 price increase and whether the company had similar plans to increase the price of the Xbox Series X or S. Microsoft’s response is a bit vague, no firm plans mentioned anyway.
Here is the full statement:
We are constantly evaluating our business to offer our fans a great gaming experience. The MSRP for the Xbox Series S remains at $299 and the Xbox Series X at $499. This also applies to other markets and their current prices.
While he confirmed that the price hasn’t changed right now, he leaves open the very real possibility that as inflation worsens, the tech company may decide to increase the price of one or both variants of the Xbox.
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Meanwhile, earlier this month, Nintendo president Shuntaro Furukawa said. Nikkei Asia that it is currently “not considering” a price increase for the Switch, adding that the company doesn’t want to lower the price for people buying its super-popular console.
“Our competition is the variety of entertainment in the world,” said Furukawa. “And we always think about pricing in terms of the value of the fun we offer… Nintendo has sold over 100 million Switch units to date, and it’s important to keep our business moving forward.”
However, this announcement leaves the pricing question open for Nintendo to change Switch prices if necessary. However, Nintendo has, in a sense, already raised the price of the console. Going through the improved OLED model released last year. This is often how Nintendo raises the prices of its consoles without resorting to more traditional price increases like Sony.
IChances are both companies are keeping a close eye on how markets, critics and fans are reacting to Sony’s PS5 price increase as they ponder how to deal with inflation going forward. And as the gaming market starts to slow down a bit after the huge numbers seen during the pandemic, you better believe companies like nintendo are open to different ways to help keep their boats afloat as people have less income to spend on consoles and games.