Microsoft Announces Xbox Game Pass Subscriptions Price Hike, Xbox Series X Price Adjustments Outside The US
Portfolio Pulse from Franca Quarneti
Microsoft plans to raise the prices of Xbox Series X consoles in several countries, excluding the U.S., Japan, Chile, Brazil, and Colombia, starting in August. The company will also implement the first-ever price increase for its Xbox Game Pass and Xbox Game Pass Ultimate subscriptions, effective next month. The price adjustment is unrelated to Microsoft's proposed acquisition of Activision Blizzard.
June 22, 2023 | 9:34 pm
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NEUTRAL IMPACT
Microsoft's Xbox Game Pass price adjustment is unrelated to its proposed acquisition of Activision Blizzard.
The article mentions that the Xbox Game Pass price adjustment is unrelated to Microsoft's proposed acquisition of Activision Blizzard. Therefore, there is no direct impact on Activision Blizzard's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 25
RELEVANCE 50
POSITIVE IMPACT
Microsoft is raising the prices of Xbox Series X consoles and Xbox Game Pass subscriptions in several countries, which may impact the company's revenue.
The price increase for Xbox Series X consoles and Xbox Game Pass subscriptions may lead to higher revenue for Microsoft. However, it could also potentially affect sales volume if consumers find the new prices less attractive. Overall, the impact on Microsoft's stock price is likely to be positive in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100