Sony shares rose after the price increase in PlayStation Plus subscriptions

Sony shares rose after the price increase in PlayStation Plus subscriptions

September 2, 2023 – 22:08

The increase in annual subscriptions will take place on September 6 and will be 35%. Analysts believe that this will not be the last increase.

Sony Group shares rose after the announcement that annual PlayStation Plus subscriptions would increase in price. It is a service that allows access to a catalog of classic video games and some new ones that add up every month.

This Friday in Tokyo, Sony shares grew 3.4%, their biggest rise in a month. CLSA analyst Amit Garg said these hikes could bring Sony about $688 million in sales and $378 million in operating profit annually, which could lead to more regular price increases.

playstation confirmed that, from September 6, there will be a price increase on their annual subscriptions. These increases represent up to 35% increase and look like this:

  • playstation plus Essential: $54.99 per year.
  • playstation plus Extra: $93.99 per year.
  • playstation plus Deluxe: $106.99 per year.

It is also important to point out that in our country these services are dollarized, so they must be added the COUNTRY tax and income tax.

PlayStation announces PlayStation Plus Double Discounts promotion

The PlayStation Plus Double Discounts promotion is now available on the PlayStation Store with discounts of up to 35% on various titles and up to 70% for PlayStation Plus members. Games include Star Wars Jedi: Survivor for PS5, WWE 2K23 Standard Cross-Gen Edition and Forspokenamong others, and will be on sale until September 13.

Source: Ambito

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