Speaking today at a Wall Street Journal event in southern California, Microsoft Gaming CEO Phil Spencer said he believes prices for certain Xbox products or services will go up, but not until after the holidays.

"I do think at some point we'll have to raise the prices on certain things, but going into this holiday we thought it was important to maintain the prices," Spencer told the audience, as relayed by Tom Warren of The Verge.

Spencer was apparently speaking generally about price increases at Xbox and not about any one specific product or service. But people are assuming he's referring to potential price increases for Xbox consoles or services like Xbox Game Pass.