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U.S. console sales plunge as memory costs spike

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Story summary
  • Microsoft and Sony report U.S. console sales fell 33% and 25% as AI-driven memory costs rise.
  • Average 2026 Xbox price reached $529, up 26%, and PlayStation $597, up 20%, all-time U.S. highs.
  • Circana analyst Mat Piscatella says the U.S. hardware market is as fragile as in the early 1980s.
  • Micron CEO Sanjay Mehrotra warns memory shortages will persist until at least 2028, driving component cost spikes.