Xbox and PS5 sales hit record lows as prices climb
Complete. Here is the key summaryPS5 and Xbox sales hit record lows in May 2026, dropping 58% and 12% respectively due to rising prices. Xbox plans further price hikes of $100–$150 in August amid global memory shortages, while PS5 prices are already up 33%. Retailers warn that the upcoming GTA 6 launch could exacerbate console supply constraints.
Historic sales drop: PS5 sales fell 58% and Xbox 12% in May 2026, their worst May performances in decades, as higher prices dampened demand. Prices keep rising: Xbox will raise console prices again in August by $100–$150, citing a global memory shortage; PS5 prices are already up 33% year-on-year. Holiday supply risks: Retailers warn GTA 6’s November launch could spark console shortages amid ongoing component constraints.