Microsoft Announces Games Leaving Xbox Game Pass In October 2023
Portfolio Pulse from Franca Quarneti
Microsoft Corp (NASDAQ:MSFT) announced that six games will be leaving Xbox Game Pass in October 2023. The games will be available for purchase at a 20% discount before being removed from the subscription service. Phil Spencer, the head of Xbox, recently acknowledged a price increase for Xbox Game Pass was 'inevitable' in the future, following a recent price hike due to inflation and economic factors.
October 03, 2023 | 9:25 pm
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NEUTRAL IMPACT
Microsoft's announcement of games leaving Xbox Game Pass and the potential price increase could impact the company's revenue from the subscription service.
The removal of games from Xbox Game Pass could potentially decrease the value of the service for some subscribers, possibly leading to a decrease in subscriptions. However, the announced price increase, justified by inflation and economic factors, could offset any potential loss in revenue. The net impact on Microsoft's stock is uncertain in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100