Sony To Launch PlayStation 5 Slim For $399.99 In 2023, Microsoft Claims
Portfolio Pulse from Franca Quarneti
Microsoft Corp. (NASDAQ:MSFT) has claimed in a court document that Sony Group Corp. (NYSE:SONY) plans to release a PlayStation 5 Slim later this year, priced at $399.99. The document was released during the ongoing Federal Trade Commission trial over Microsoft's $68.7 billion acquisition of Activision Blizzard Inc (NASDAQ:ATVI). Microsoft is trying to persuade the court that Nintendo Switch should be classified within the same market segment as the Xbox Series consoles and the PlayStation 5. Sony is also expected to release a handheld version of PlayStation 5 later this year for under $300.
July 05, 2023 | 6:20 pm
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POSITIVE IMPACT
Sony's stock could be impacted by the release of the PlayStation 5 Slim and a handheld version of PlayStation 5, as claimed by Microsoft.
If Sony does release the PlayStation 5 Slim and a handheld version of PlayStation 5 as claimed by Microsoft, it could boost Sony's revenues and potentially its stock price. However, the impact will depend on the market's response to these products.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Activision Blizzard's acquisition by Microsoft is currently under FTC review, and the outcome could impact the company's stock.
The ongoing FTC trial over Microsoft's acquisition of Activision Blizzard could have significant implications for Activision Blizzard's business and stock. The outcome of the trial is uncertain, making it difficult to predict the impact on Activision Blizzard's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Microsoft's claim about Sony's product releases could impact its ongoing FTC trial over the acquisition of Activision Blizzard.
Microsoft's claim about Sony's product releases is part of its strategy in the ongoing FTC trial over its acquisition of Activision Blizzard. The outcome of the trial could have significant implications for Microsoft's business strategy and market position.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75