Starting August 1, 2026, Xbox will increase the prices of Xbox consoles worldwide and sunset its 2TB models.
So far, Xbox has only confirmed that prices are going up globally, and shared specifics about the U.S. price changes. MobileSyrup is waiting for official Canadian pricing from Xbox, and will update this story once we have it.
In the U.S., Xbox says it will increase prices by US$100 (about C$142) for consoles with 512GB of storage and by US$150 (roughly C$212) for 1TB models. It’s worth noting that pricing varies per region and currency. But based on the U.S. increases, we could see Xbox Series X consoles starting around C$890 and Series S at around C$590.
Below are the current Xbox prices in Canada:
- Xbox Series X Digital Edition (1TB) – $679.99
- Xbox Series X (1TB) – $729.99
- Xbox Series X (2TB) – $879.99
- Xbox Series S (512GB) – $449.99
- Xbox Series S (1TB) – $529.99
Notably, Xbox already increased console prices in May 2025. The company says console storage and memory prices have increased more than 2.5x, and the company expects prices will double again by fall 2027.
“The entire consumer electronics industry is struggling with the current components crisis, but the effects are particularly hard on consoles,” Xbox said in a blog post. However, it’s worth pointing out that the components crisis is significantly driven by the rush to build AI data centres, something that Xbox parent company Microsoft has been at the forefront of.
It also leaves Xbox in a weird position. Earlier this month, Xbox teased “radically different” business models to bring console costs down. Just a day later, we learned the company was planning massive layoffs as part of a major “reset” plan — with the company’s fiscal year set to end on June 30, we’re expecting to learn more about those layoffs soon. However, we already know that Canada’s Compulsion Games is on the chopping block, and the company could also close Double Dine and Ninja Theory, too.
Alongside the price increase news, Xbox also shared details on programs to make its consoles more accessible. These include offering buy now, pay later programs through Microsoft Stores and interest-free financing for eligible purchases through Amazon. Xbox also mentioned programs to make pre-owned and refurbished consoles available. However, it’s not clear how many, if any, of these programs will be available in Canada.
Source: Xbox
