Microsoft Raises Xbox Series Console Prices by at Least $100, Series X Now $799

Microsoft is increasing the prices of its Xbox Series consoles for the third time in 15 months , with all models seeing a minimum hike of $100 starting August 1. The company attributes the price increase to rising memory costs, which it says have grown to two-and-a-half times what they were late last year. These changes come after recent reports of significant layoffs at Xbox and Microsoft-owned game studios.