The price of video game consoles is steadily increasing, bucking the historical trend of decreasing prices over time. Microsoft recently raised the price of its Xbox Series X and S consoles, following similar price hikes by Sony and Nintendo. This increase is primarily attributed to tariffs and rising production costs. The shift contrasts with past practices of releasing cheaper, slimmer console versions. This price increase, coupled with waning "console wars" and the rise of PC gaming and subscriptions, makes consoles increasingly a niche luxury item, potentially hindering market growth.

Prepared by Christopher Adams and reviewed by editorial team.