Is Gaming Getting Too Expensive? Sony Announces Sky-High PlayStation Plus Subscription Prices!
Portfolio Pulse from Anusuya Lahiri
Sony Group Corp plans to increase the price of all its PlayStation Plus 12-month subscriptions globally from September 6. The price adjustment is aimed at enabling Sony to continue providing high-quality games and value-added benefits to the PlayStation Plus subscription service. Sony also announced the Monthly Games lineup for September. In Q1 FY23, Sony reported a 33% YoY sales growth to $21.63 billion, beating the consensus of $18.11 billion.
August 30, 2023 | 5:08 pm
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NEUTRAL IMPACT
Sony's decision to increase PlayStation Plus subscription prices could potentially lead to increased revenues, but may also risk alienating some customers. The company's strong Q1 FY23 results and sales growth could positively impact investor sentiment.
The price increase could lead to higher revenues for Sony if the number of subscribers remains stable or increases. However, there's a risk that the higher prices could lead to a decrease in the number of subscribers, which could negatively impact revenues. Sony's strong Q1 FY23 results and sales growth are positive news that could boost investor sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100