The Xbox Wireless Controller, which remains a staple for both console and PC gaming, now costs $65. The Xbox Elite Series 2 controller now starts at $150, up from $145. The official Xbox Wireless Headset will set you back $120, $10 more than before. Microsoft’s gaming hardware will see price hikes outside the U.S. as well.

Microsoft confirmed to us today that it is increasing the price of Xbox consoles, accessories, and later this year, games as well. Here's what you need to know.