Summary:
- Microsoft recently announced plans to increase the prices of its Xbox Series X and S consoles in several countries, citing economic factors.
- This price increase comes as Microsoft has also faced layoffs, with the company cutting thousands of jobs across various divisions, including its gaming division.
- Despite these challenges, Microsoft is still working on developing its next-generation hardware, including a potential Xbox Series X successor, as it aims to compete with Sony's PlayStation 5 in the console market.