News
 

Bookmark and Share

(0) 

Even though numerous companies are lowering prices on various consumer electronics (CE) and PC hardware, Microsoft Corp. has reportedly decided to raise the price of its Xbox 360 Arcade video game console in the United Kingdom. The reason for the increase is devaluation of the British pound against U.S. dollar and Euro.

Starting the 1st of September, Microsoft Xbox 360 Arcade will cost £159.99 in the UK, up £30 from the current price of £129.99, reports Eurogamer web-site. In addition, Xbox 360 Arcade will no longer include five free XBLA games in its bundle. Moreover, Microsoft will also increase the price of individual accessories for the Xbox 360 game systems, it is claimed.

According to reports, the reason for the price hike is devaluation of the British pound against Euro and U.S. dollar. The motivation seems to be somewhat strange since the price of the Xbox 360 Arcade is already higher in the U.K. compared to the U.S. Still, in mainland Europe the cost of the console is even higher at the moment. Moreover, exclusion of free games from the bundle seems to be a very anti-consumer move, considering the fact that after the price increase consumers in Britain will pay for the console more than gamers in Europe or the USA.

At present £129.99 equals to €152 or $215, whereas the recommended retail price of Xbox 360 Arcade is €179 in Europe and $199 in the U.S. Apparently, Microsoft does not want to drop the price of the Xbox 360 Arcade in Europe, despite of the fact that it costs $253 here, but prefers to increase the price of the entry-level X360 to £159.99, which equals to $296 or €187.

Although video game retailers have confirmed the price hike in an interview with the media, Microsoft itself yet has to confirm and comment on the move.

Tags: Microsoft, Xbox

Discussion

Comments currently: 0

Add your Comment




Related news

Latest News

Monday, April 14, 2014

8:23 am | Microsoft Vows to Release Xbox 360 Emulator for Xbox One. Microsoft Xbox One May Gain Compatibility with Xbox 360 Games

Tuesday, April 1, 2014

10:39 am | Microsoft Reveals Kinect for Windows v2 Hardware. Launch of New Kinect for Windows Approaches

Tuesday, March 25, 2014

1:57 pm | Facebook to Acquire Virtual Reality Pioneer, Oculus VR. Facebook Considers Virtual Reality as Next-Gen Social Platform

1:35 pm | Intel Acquires Maker of Wearable Computing Devices. Basis Science Becomes Fully-Owned Subsidiary of Intel

Monday, March 24, 2014

10:53 pm | Global UHD TV Shipments Total 1.6 Million Units in 2013 – Analysts. China Ahead of the Whole World with 4K TV Adoption

10:40 pm | Crytek to Adopt AMD Mantle Mantle API for CryEngine. Leading Game Developer Adopts AMD Mantle

9:08 pm | Microsoft Unleashes DirectX 12: One API for PCs, Mobile Gadgets and Xbox One. Microsoft Promises Increased Performance, New Features with DirectX 12

3:33 pm | PowerVR Wizard: Imagination Reveals World’s First Ray-Tracing GPU IP for Mobile Devices. Imagination Technologies Brings Ray-Tracing, Hybrid Rendering Modes to Smartphones and Tablets

2:00 pm | Nokia Now Expects to Close Deal with Microsoft in Q2. Sale of Nokia’s Division to Close Next Month