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Xbox is raising prices on its consoles, controllers, and games. The Xbox Series S and X will see price increases of $80-$120, while the Xbox Wireless Controller will cost $65. Most significantly, first-party Xbox games will launch at $80 starting this holiday season, following Nintendo's lead. Microsoft attributes the increase to market conditions and rising development costs. The company is emphasizing its Game Pass subscription service, which remains unaffected by the price hike, suggesting a shift towards a service-based model for its gaming business.

Prepared by Jonathan Pierce and reviewed by editorial team.