Xbox Prices Are Going Up on August 1

Buying a new Xbox before August 1, 2026 could save you up to $150.

Why?

Microsoft has announced that its console prices are increasing worldwide. The 512GB model is going up by $100, and the 1TB models are going up by $150, the 2TB model is now gone.

The price changes make it more important to compare new, refurbished, used, and bundle options before buying.

💰 Xbox Prices Change on August 1

Microsoft says the new pricing starts on August 1, 2026. The largest increases affect 1TB models, which offer more space for modern games, updates, and downloadable content.

Console	Price Change
512GB Xbox models	+$100
1TB Xbox models	+$150
2TB Xbox model	Being discontinued

The Series S 512GB is now expected to cost $499.99, while the Series X with a disc drive is expected to reach $799.99.

The Series X launched at $499 in 2020 (and we thought that was expensive), so the new $799.99 price is a major increase for a console that is already several years into its generation.

🧠 Memory and Storage Costs Are Rising

Microsoft says higher memory and storage costs are behind the increase. 😞

Reuters reported that memory and storage prices have already increased sharply, with more price pressure expected through fall 2027.

Modern games need more ram and storage than older console games. Large open-world games, 4K textures, live-service updates, and downloadable content can quickly fill a 512GB or 1TB drive.

A console with less storage can also cost more over time if gamers need to buy expansion cards or external drives.

🕹️ Refurbished Consoles Might Be the new Meta

Gamers who want a console without paying the price of their arm or leg should check refurbished/used options.

If you didn’t know Microsoft sells Certified Refurbished Series S and Series X consoles through its online store. These systems are tested, cleaned, and sold for less than a new model when stock is available, but be quick about it cause everyone is thinking the same thing….

Gamers can also compare:

• Retailer bundles with games or accessories
• Used consoles from trusted stores
• Trade-in offers for older hardware
• Holiday sales after the August increase
• Game Pass on PC instead of buying a console

Prices may vary by store, so comparing the full cost of the console, storage, games, and accessories is more useful than only looking at the sticker price.

🎯 Check Prices Before You Buy

Gamers who already own a Series X or Series S do not need to rush into an upgrade. Their current console, games, cloud saves, and Game Pass library will still work.

Gamers planning to buy soon should compare pricing before August 1. A new model at the old price, a refurbished console, or a bundle with a game may offer a better deal than waiting.

Would you still buy an Xbox at the new price?