Microsoft blamed “market conditions” and rising costs of production for the need to increase the prices of its Xbox consoles.

Amid a backdrop of ongoing tariff uncertainty, more and more gamers are facing price hikes. Microsoft raised recommended retailer pricing for its Xbox consoles and controllers around the world this week.

The cost of an Xbox Series S 512 will change today from $299.99 to $379.99, a whopping 27 percent increase. Meanwhile, an Xbox Series X will leap from $499.99 to $599.99, a 20 percent bump. The more recent Xbox Series X 2TB Galaxy has shot up 21 percent to $730, making it more expensive than a PS5 Pro.