Microsoft hikes Xbox prices amid chip shortages

Microsoft plans to raise the prices of Xbox consoles worldwide starting in August due to a global crisis in electronic component supply chains. The costs of memory and storage chips have increased by more than 2.5 times, leading to higher prices for certain models and the discontinuation of the 2-terabyte version. This move comes amid growing pressures on the semiconductor industry and rising manufacturing costs, alongside repeated price hikes by other companies like Sony and Apple.

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