Microsoft Stock After Xbox Price Hike: Buy or Hold?
Microsoft Corporation (NASDAQ:) announced that prices for its popular Xbox gaming console will increase due to rising development costs associated with tariffs. The news, while logical, shows that technology stocks aren’t completely insulated from the current tariff problems besetting the broader economy. Like most console manufacturers, Microsoft primarily manufactures the Xbox in China.
Microsoft is the latest gaming equipment manufacturer to announce issues associated with tariffs. In late April, Nintendo Corp. announced that the upcoming launch of its Switch 2 will face production delays and delayed pre-orders in the United States. Sony Corp. (TYO:) also announced it would raise the price of its popular PlayStation console by 25%…
