Price hikes pull console sales down in May as PS5 and Xbox crumble, Switch 2 leads
TL;DR Summary
Circana’s May video-game hardware report shows PlayStation 5 down 58% year over year and Xbox Series hardware down 12% as rising prices bite demand; overall hardware spending rose 38% driven by Nintendo Switch 2, with average new-console prices at $502 (PS5 $672, Xbox Series $524). Nintendo Switch 2 remains the top seller, while Microsoft announced August 1, 2026 price hikes that will push Series X to $749.99 and Series S to $499.99.
- Xbox hits worst US sales month on record, PS5 drops 58%, as hardware prices soar Video Games Chronicle
- Xbox Sales Are Its Lowest Ever This Month, PlayStation Its Lowest Since 2000 Forbes
- Xbox Hardware Unit Sales Just Had Their Worst May In The U.S. Ever, And PlayStation Didn’t Do So Hot Either Kotaku
- PlayStation Hardware Crashes to Lowest May Numbers in 25 Years Insider Gaming
- Price Hiked PS5 Endures Sony's Worst May in Over 25 Years Push Square
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