Microsoft announced on Thursday that it will increase Xbox console prices worldwide, citing “market conditions” just days after Sony made a similar move with its PlayStation 5. The tech giant also plans to raise prices for some new games developed by its video game subsidiaries. In the United States, the entry-level Xbox Series S will jump from $299.99 to $379.99, a 27% increase. The premium Series X Galaxy Black model will now retail for $729.99, up from $599.99 previously – a 22% hike. Additionally, certain new games from Microsoft-owned studios will be priced at $79.99, up 14% from the current...