Buying a new Xbox just got a lot more expensive in the US, Europe, and UK. The previously announced Xbox Series X|S price hikes are now in effect as of August 1, and people should expect to pay significantly more.
In the US, all 512GB Xbox models went up by $100, while the 1 TB systems are now $150 more expensive. All 2 TB models are discontinued. You can see all the new US prices below, and prices for other regions further down (via VGC).
- Xbox Series S 512GB – $500
- Xbox Series S 1TB – $600
- Xbox Series X 1TB digital edition – $750
- Xbox Series X 1TB with disc drive – $800
In Europe, the cheapest new Xbox–the 512GB Xbox Series S–is going up from €350 to €500. The system originally launched in 2020 at €300, so it’s gone up by €200 since then. The 1TB Xbox Series S is now going for €600 (was €400).
Moving on to the Xbox Series X, the 1TB digital model is now €750 (was €550), while the 1TB disc version is a whopping €800 (was €600). That’s the most expensive edition, and it works out to about $920 USD.
The UK is seeing Xbox price hikes, too, where the cheapest Xbox–the 512GB Xbox Series S–is now going for £430 (was £300). The highest-end version, the 1TB disc version of the Xbox Series X, is now selling for £670 (was £500).
Microsoft previously raised prices in October 2025. The company said it hoped another increase would not be necessary, but “console storage and memory prices have increased by more than 2.5x, and we expect another doubling by the fall of 2027.”
A report from Windows Central said Microsoft was losing $150 per console sold.
Microsoft, along with Sony and Nintendo, are set to receive tariff refunds, and none of the companies have announced any plans to return any money to consumers who paid more.
Beyond the tariff-related impacts, the ongoing AI-fueled memory and component shortages are expected to continue, and another Xbox price hike could come in 2027.
In response to the new, higher prices for Xbox consoles, Microsoft rolled out new Buy Now, Pay Later and 0% APR financing options. Microsoft also sells certified refurbished Xbox consoles for lower prices.
As for other consoles, the PS5 got its latest price hike this past April, while the Switch 2 is getting a price increase in September.