Does Microsoft's Xbox Series S Spell Trouble for Sony's PS5?

Microsoft (NASDAQ: MSFT) recently announced the official prices for its Xbox Series X and Xbox Series S gaming consoles. The Series X will cost $499, while the smaller and less powerful Series S will cost just $299.

The price of the Series X wasn't surprising, but the Series S's low price likely stunned Sony (NYSE: SNE), which still hasn't revealed the prices for its PS5 and PS5 Digital Edition consoles. Let's discuss why Microsoft aimed so low, and how Sony might react to the Series S.

Image source: Microsoft.

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Source Fool.com