When Microsoft first announced the Xbox One, many were taken aback when the company revealed that the console would cost more than its rival, the PS4. However, Microsoft had attempted to justify it by bundling the Kinect accessory with it, but ultimately, the company reduced the price.

However, the difference in price allowed Sony to gain an early advantage, and this is a mistake that Microsoft does not want to repeat. During an interview with Eurogamer during the XO19 event in London, Microsoft exec Phil Spencer acknowledged Microsoft’s mistake with the pricing of the Xbox One, and stated that they will definitely not be repeating that again.

“I will say, from the launch of Xbox One, I’ve definitely learned that being too expensive and not powerful enough is not a great place to be. And price and performance are gonna be important, and we’re very focused on both of those things.” He also adds, “If you remember at the launch of Xbox One, we were $100 more expensive and less powerful. So, I won’t be in that position. There’s no doubt about that.”

That being said, no one knows how much the next-gen Xbox or the PS5 will be priced at the moment. We know that both consoles are currently in development, but pricing for either has yet to be officially confirmed.

Filed in Gaming. Read more about , , and . Source: eurogamer.net