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Console sales plummet amid price hikes; Xbox hits 25-year low

By PulseAugur Editorial · [1 sources] ·

Sales for both PlayStation 5 and Xbox consoles have seen a significant decline in the U.S. year-to-date, reaching their lowest points in years. This downturn is attributed to steep price increases, with the Xbox Series X now costing up to $800 and the PS5 Pro at $900, driven partly by AI chip shortages and rising living costs. Industry analyst Mat Piscatella notes the console market is in a precarious state, with hopes pinned on upcoming releases like GTA VI and the holiday season to boost sales. AI

IMPACT AI chip shortages are cited as a contributing factor to price hikes and subsequent sales declines in the console market.

RANK_REASON Significant downturn in a major consumer electronics market driven by pricing and supply chain issues. [lever_c_demoted from significant: ic=1 ai=0.4]

Read on Tom's Hardware →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Console sales plummet amid price hikes; Xbox hits 25-year low

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7 / 100
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Significant downturn in a major consumer electronics market driven by pricing and supply chain issues. [lever_c_demoted from significant: ic=1 ai=0.4]
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Only one publisher covered this so far. Single-source stories can still rank when the publisher is high-authority, but they lack cross-source corroboration.
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COVERAGE [1]

  1. Tom's Hardware TIER_1 English(EN) · Jowi Morales ·

    Console market craters as Xbox sales crash 33% to the lowest since launch 25 years ago, PS5 sales drop 25%

    PlayStation sales dropped by 25% YTD compared to last year, while Xbox contracted by 33%, marking the biggest decline in retail sales over the past decade.

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