Microsoft Quickly Cancels Plan to Raise Xbox Live Gold Subscription Prices

On Friday, Microsoft (NASDAQ: MSFT) announced a set of price raises for its Xbox Live Gold online gaming service, then reversed itself hours later after a wave of criticism.

The IT giant originally announced that Gold would cost $1 more for a one-month membership, lifting its cost to $10.99. A three-month membership was set at $29.99 (formerly $24.99). The longest term currently available, six months, would have increased to $59.99 (formerly $39.99). Microsoft is no longer offering a one-year option.

There would be no immediate price change for Gold subscribers with existing six- or 12-month memberships.

Continue reading

Source Fool.com