Earlier today Sony announced that in most regions, PlayStation 5 would see a price increase as a result of inflation. In response to this news, people began to question whether other console manufacturers would make similar price increases. The answer seems to be no, at least for now. But both Nintendo and Microsoft were careful to leave open the possibility of future price increases.
After Sony confirmed this, due to ongoing global inflation.Both versions of the PS5 would see price increases in multiple regions—Including Canada, Mexico, China and the United Kingdom— the next obvious question that came to many minds was: Would any other company make the same drastic move? After all, this is the internet, a place where people constantly yell at each other about which console is better or worse, and conspiracy to explain why sites write good or bad news about consoles. So of course if Sony does something, people should take sides and start asking questions about Xbox and Nintendo.
Kotaku Sony reached out to Xbox about the PS5 price hike, and if the company has similar plans to raise the price on the Xbox Series X or S. Microsoft’s response is somewhat reluctant, with no mention of any firm plans one way or another.
Here is the full explanation:
We are constantly evaluating our work to provide our fans with a great selection of games. Our suggested retail price for the Xbox Series S is $299 and the Xbox Series X is $499. This also applies to other markets and their current prices.
While it did confirm that right now the price hasn’t changed, it leaves open the very real possibility that as inflation gets worse, the tech company could decide to increase the price on one or both of its Xbox variants.
Meanwhile, earlier this month, Nintendo’s President Shuntaro Furukawa said Asia He added that he is not currently “considering” a Switch price increase and that the company does not want to price people over buying its uber-popular console.
“Our competition is the diversity of entertainment in the world,” said Furukawa. “We always consider pricing based on the value of the entertainment we deliver…Nintendo has sold over 100 million Switch units to date, and it’s important to keep the momentum of our overall business going.”
Still, that statement leaves the pricing issue open for Nintendo to change prices on the Switch if needed. However, Nintendo has already raised its price somehow. Switch with the improved OLED model released last year. This is how Nintendo usually raises the prices on their consoles without having to go for a more traditional price hike like Sony.
ANDIt’s likely that both companies are keeping a close eye on how markets, critics and fans are reacting to Sony’s PS5 price hike as they consider how to deal with inflation. And when the gaming market starts to slow down a bit As people begin to have less income to spend on video game consoles and games after the massive numbers seen during the pandemic, you better believe companies like Nintendo are open to different ways to help keep their boats afloat.