Microsoft hikes Xbox prices over chip shortages
Microsoft has announced a price increase for its current-generation Xbox consoles, due to rising electronic component costs resulting from the chip shortage crisis. The price hikes will take effect starting next August. Some models will see a rise of up to $150, while production of the 2-terabyte models will be gradually discontinued. This increase comes days after Apple raised the prices of its products, amid a wave of price hikes for gaming consoles from other companies like Sony.
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