Anyone planning to pick up a new Xbox console may want to do so sooner rather than later. Xbox has announced a worldwide console price increase that will take effect on 1 August 2026, while also confirming that its 2TB Xbox console will be discontinued. The announcement was made via Xbox Wire on Thursday (25 June). What’s the Xbox price increase in August? According to the announcement, The 512GBmodels will increase by US$100, while 1TB models will see a US$150 price increase.