June 25 : Microsoft's Xbox is raising prices of its gaming consoles by up to $150 worldwide, citing a deepening global components crisis that has sent storage and memory costs soaring across the consumer electronics industry.Groups representing automakers, retailers, electronics firms and others had warned ea

Just hours after Apple increased its hardware prices across the board, Microsoft is doing the same with its Xbox consoles. For the third time.

The increase is the latest price hike after Xbox consoles prices rose $20 to $70 last year.

Xbox blames the memory shortage for the price hike.

Groups representing automakers, retailers, electronics firms and others had warned earlier this month that the increasing demand for memory chips could lead to dramatic price…