Microsoft Corporation (MSFT) Increases Prices for Xbox Gaming Consoles in the US

Microsoft Corporation (NASDAQ:MSFT) is one of the Best Technology Stocks to Invest in for the Long Term. On September 19, Reuters reported that Microsoft Corporation (NASDAQ:MSFT) announced a second price increase for its Xbox gaming consoles in the United States this year.

The change in prices reflects the rising costs caused by tariffs and supply chain issues, and the increased prices are expected to take effect on October 3. After the increase in prices, the one-terabyte Xbox Series S price will rise to about $450, the higher-end Series X will cost around $650, and the special edition two-terabyte Galaxy Black Series X will nearly reach $800.

Microsoft Corporation (NASDAQ:MSFT) first raised Xbox prices in May, citing US tariffs on imports from China as the major reason. These tariffs have increased hardware costs and squeezed profit margins. As a result, the Series X price is up around $150 in six months.

Microsoft Corporation (NASDAQ:MSFT) is a technology company that develops software, cloud services, devices, and solutions.

While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.