'Sony Unveils Slimmed-Down PlayStation 5 For Holiday Season' - Nikkei Asia
Portfolio Pulse from Benzinga Newsdesk
Sony has announced a new, smaller model of its PlayStation 5 (PS5) console, set to release on November 10. The new model is 30% smaller and 18% lighter than the current model, with a 20% increase in storage capacity. The price of the new model will be higher due to increased material costs. Sony aims to sell 25 million PS5 consoles worldwide by March 2024. The company hopes the new model will boost sales, following a similar strategy used with the PS4.
October 11, 2023 | 4:00 pm
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Sony's announcement of a new PS5 model could potentially boost the company's sales and stock price. The new model, which is smaller, lighter, and has increased storage, is set to release on November 10.
The release of a new PS5 model could potentially increase Sony's sales, especially as we approach the holiday season. This could lead to an increase in the company's stock price. The increased price of the new model, due to higher material costs, could also contribute to higher revenues.
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