'Microsoft Is Hiking The Price Of Xbox Series X And Xbox Game Pass' - The Verge
Portfolio Pulse from Happy Mohamed
Microsoft is raising the prices of its Xbox Series X consoles in most countries and increasing the monthly prices of its Xbox Game Pass and Xbox Game Pass Ultimate subscriptions starting next month. The price hikes are intended to match local market conditions and are not related to the proposed acquisition of Activision Blizzard.
June 21, 2023 | 5:04 pm
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Microsoft is raising Xbox Series X console and Game Pass subscription prices in most countries, which may lead to increased revenues but could also face backlash from consumers.
The price increases for Xbox Series X consoles and Game Pass subscriptions may lead to higher revenues for Microsoft. However, there is a risk of backlash from consumers who may not appreciate the price hikes, especially if they perceive them as excessive. This could potentially offset the revenue gains and have a neutral impact on Microsoft's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 100