WS #10696
Microsoft raises Xbox console prices due to soaring component costs, with Series S 1TB to $599 and Series X to $800, as memory prices surge 2.5x, confirming tech margin compression and MSFT hitting 52-week low. Micron reports strong Q3 results, Goldman Sachs raises price target to $1100, and SK Hynix surges 12%, indicating robust AI-driven memory demand despite broader tech weakness.
Tech Margin Compression: Xbox Price Hikes
Microsoft raises Xbox console prices due to soaring component costs, with Series S 1TB to $599 and Series X to $800, as memory prices surge 2.5x, confirming tech margin compression and MSFT hitting 52-week low.
Micron reports strong Q3 results, Goldman Sachs raises price target to $1100, and SK Hynix surges 12%, indicating robust AI-driven memory demand despite broader tech weakness.