Xbox consoles got more expensive on 1 August, and the increases are steep. Across the US, the UK and Europe, every model in the Xbox Series X and Series S line — Microsoft's current-generation consoles, the machines that run its latest games — now costs more than it did the day before.

In the US, the 1TB Xbox Series X with a disc drive now costs $799.99, up from $649.99. The disc-free digital version is $749.99, up from $599.99. The budget-oriented Series S, a lower-spec console without a disc drive, rose to $499.99 for the 512GB model (from $399.99) and $599.99 for the 1TB model (from $449.99), according to Video Games Chronicle.

European and UK shoppers saw even sharper jumps. In Europe, the Series X with a disc drive went from €599.99 to €799.99 — a €200 increase. In the UK, the same model went from £499.99 to £669.99. The 512GB Series S, the cheapest Xbox, rose from €349.99 to €499.99 in Europe and from £299.99 to £429.99 in the UK (VGC).

Microsoft first confirmed the increases on 25 June 2026, in a post on its Xbox newsroom, setting an effective date of 1 August. The company blamed what it called a "current components crisis" across consumer electronics, saying storage and memory prices had risen more than 2.5 times — with another doubling expected by autumn 2027. Xbox said it had spent months working with suppliers to avoid another increase and had hoped one would not be necessary.

This is the third round of Xbox price rises in roughly a year. Microsoft raised console prices twice in the year before this latest move. An Xbox Series X with a disc drive now costs $300 more than it did when the console launched in November 2020. The Series S is now 50% more expensive than at launch.

What makes this moment unusual is that Xbox is not alone. Video Games Chronicle described it as the first time in gaming history that every major console manufacturer is raising prices during a period when price cuts are normally expected — the later years of a console generation, when hardware gets cheaper to produce and companies typically drop the shelf price to reach more buyers.

The price hikes land during a busy stretch for the Xbox brand. At its Games Showcase on 7 June 2026, Microsoft announced a new Xbox 25th Anniversary console and controller, with pricing and preorder details to come. In April, the company cut the cost of its Game Pass subscription service — which bundles hundreds of games for a monthly fee — from $29.99 to $22.99 a month for the top-tier Ultimate plan.

For anyone shopping for an Xbox this autumn, the maths has changed. The cheapest entry point into the Xbox ecosystem is now $499.99, not the $299 it launched at. The most expensive console costs $100 shy of $800.