Sony has seen an increase in shares following the console maker’s announcement of a price increase for PlayStation Plus earlier this week.The PlayStation manufacturer confirmed that, as of September 6, the PS Plus 12-month subscriptions for PS Plus Essential, PS Plus Extra, and PS Plus Premium will all increase by varying amounts in the US, Europe and UK.As a result of these plans, Bloomberg reports that Sony’s share increased by as much as 3.4% in Tokyo today in wake of the announcement. Amit Garg, an analyst for CLSA, revealed that the “steep” increase could result in Sony nabbing an additional $688 million in sales and $378 million in operating profit annually, and suggested it could be a sign of more price increases. Related Content – Sony PS5 Complete Guide – Everything Explained About PlayStation 5 For New Owners In 2023 The announcement of the PS Plus price increase has understandably been met with criticism from fans on social media, particularly for PS Plus Premium, with some people feeling the increase in price is not warranted for what Sony is currently offering on the service.[Source – VGC]
Source link
