Microsoft has just announced that the price of the Xbox Series X and Series S consoles will increase "effective August 1, 2026" in a post on Xbox News Wire. Specifically, the company says that "The price of XBOX consoles will increase by US$100 for 512 GB models and US$150 for 1 TB models. We will also be sunsetting our 2 TB model."

We don't have confirmation on what this will mean in countries outside the US, but we expect to see price rises everywhere; the question will be how much.

Fortunately, you have a chance to beat the price rise at the moment — Walmart has a great discount on the 1TB disc version currently.

This story is developing…

Matt is TechRadar's Managing Editor for Entertainment, meaning he's in charge of persuading our team of writers and reviewers to watch the latest TV shows and movies on gorgeous TVs and listen to fantastic speakers and headphones. It's a tough task, as you can imagine. Matt has over a decade of experience in tech publishing, and previously ran the TV & audio coverage for our colleagues at T3.com, and before that he edited T3 magazine. During his career, he's also contributed to places as varied as Creative Bloq, PC Gamer, PetsRadar, MacLife, and Edge. TV and movie nerdism is his speciality, and he goes to the cinema three times a week. He's always happy to explain the virtues of Dolby Vision over a drink, but he might need to use props, like he's explaining the offside rule.