Chinese Press Claim Xbox One Will Cost $800 In China

The Xbox One is coming to China! In September to be exact. The biggest question now is how much the Xbox One will cost once it launches in the Middle Kingdom, and Chinese media is suggesting that the price will be... EXTREME!

Chinese online electronics site Zol.com posted a photo detailing the price of the Xbox One in China. Zol.com, citing Microsoft's Xbox China homepage, Zol is claiming the Xbox will cost 4999 RMB when it launches in September. 4999 RMB is about $800!

Chinese Press Claim Xbox One Will Cost $800 In China

When the Xbox launched in the States last November, the total packaged cost $499.99—that's the console and Kinect. In Japan, the system will cost about $490 when it releases in Japan later this year. If Zol's to be believed, that would mean that China's version of the Xbox will cost $300 more than everywhere else!

Zol and the rest of Chinese media are citing one webpage, a webpage that Kotaku's been unable to access, as the source of the 4999 RMB price point. Looking at the screen capture, the 4999 RMB price tag might just be the "expected value" of the system and not the price. Think about the price situation of the Moto 360.

Now, China and Chinese consumers aren't new to getting shafted with higher costs for products. In China, Apple's 64GB iPhone 5S costs $1109, compared to $829 in the States.

It's funny to think about it, but most electronics are made in China, yet the cost is almost 27% higher than elsewhere. The reason for the higher prices is because China has something called a value-added tax, commonly known as a VAT tax. The VAT is a form of sales tax, but it's not. The cost of the VAT is added directly to the cost of the product, think sales tax included but much more. The Chinese government has set the VAT for goods in China at 17%.

Kotaku has reached out to Microsoft for comment on the pricing.
UPDATE: Microsoft has responded with the following:
"Microsoft Stores China is conducting a special promotion to engage local fans and customers that includes an opportunity to win a RMB 4,999 Microsoft store e-coupon every week in July. This amount is unrelated to the price of the Xbox One in China. We have not made any pricing announcements of Xbox One in China."

真的4999?Xbox One国行价格疑似曝光 [ZOL via People's Daily]

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Eric is a Beijing based writer and all around FAT man. You can contact him @FatAsianTechie@gmail.com or follow him on Twitter @FatAsianTechie