Phil Spencer says no current plans to raise price of Xbox consoles

In the wake of a bold decision on Sony’s part to increase the recommended retail price of the PlayStation 5, Phil Spencer told CNBC that there are no immediate plans to increase prices on Xbox consoles.

“Challenging economic conditions,” were cited by Sony as the reason behind these price changes, and it’s had fans of both Xbox and Nintendo worried that a similar price hike on the respective consoles might be in the future, especially with regards to the upcoming holiday shopping season.

As part of a broader conversation regarding the state of Xbox — which covered JRPGs, Discord integration and more — Spencer spoke from the floor of the Tokyo Game Show where he was in attendance and told CNBC that “This is such a competitive market, we don’t get to press pause on anything.”

Phil Spencer’s response at 3:54 of the video.

When asked by CNBC if Microsoft could categorically be able to say that it wouldn’t be raising prices on the Series S and Series X, Spencer said, “We’re always evaluating our business going forward. So, I don’t think we can ever say on anything that we will never do something.”

“But when we look at our consoles today, we think value is incredibly important,” Spencer continued. “We love the position of 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 and I can definitely say we have no plans today to raise the price of our consoles.”

“We think in a time when our customers are more economically challenged and uncertain than ever, we don’t think it’s the right move for us at this point to be raising prices on our console.” Spencer concluded.

Xbox price
Image Credit: Future

So while Spencer didn’t ultimately rule out a price increase in the future, he confirmed that a price increase for the Series consoles isn’t necessarily in the current best interests of Microsoft.