Microsoft promotes Xbox trade-ins at Best Buy as console prices rise

Microsoft is encouraging US owners of unused Xbox Series X and Series S consoles to trade them in at Best Buy for up to $375 and $200 in store credit. The campaign follows August 2026 price hikes of $100–150 tied to rising memory and storage costs.

• Trade-in offers up to $375 for Xbox Series X and $200 for Series S
• Payout comes as Best Buy gift cards, not cash
• Console prices rose by $100–150 from August 1, 2026
• Microsoft said memory costs have risen more than 2.5 times