Sony Considers PS5 Price Hikes (theverge.com) 19
An anonymous reader shares a report: Sony just announced its financial forecast for the next year, and it's expecting to be impacted by tariffs to the tune of 100 billion yen (about $680 million). To compensate, the company says it's considering options including moving manufacturing to the US and increasing prices for consumers.
Speaking to investors during the company's earnings call, Sony CFO Lin Tao confirmed that the company is considering "passing on" the price of tariffs to consumers in order to mitigate the impact on its bottom line. Tao didn't mention the PS5 by name though, and it's possible that Sony could try to protect pricing on its console through increases elsewhere in its electronics business. Sony has already increased the price of the PS5 this year, but only in the UK, Europe, Australia, and New Zealand.
Speaking to investors during the company's earnings call, Sony CFO Lin Tao confirmed that the company is considering "passing on" the price of tariffs to consumers in order to mitigate the impact on its bottom line. Tao didn't mention the PS5 by name though, and it's possible that Sony could try to protect pricing on its console through increases elsewhere in its electronics business. Sony has already increased the price of the PS5 this year, but only in the UK, Europe, Australia, and New Zealand.
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A look how well that worked out for him. Trump is doing all of you a huge favor. And J.D. is asking that you at least say "thank you".
They are not moving manufacturing to the US (Score:4, Interesting)
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70% of the factory jobs lost got taken by robots not by outsourcing and honestly if you did another world war so that America was the only country with a functioning manufacturing base again that number would still be 70% or higher because without the cheap slave labor companies are just going to automate.
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Trump's own commerce Secretary admitted there would be no new jobs because of automation.
Create an automation tax to be the greater of $1 per unit produced, or 30% the retail price for all goods, even if they are not manufactured locally, or even if they are, and use proceeds to fund a UBI program that guarantees $30k/Year plus food, housing, and Healthcare for every American regardless of their means, even if they can't or won't get a job.
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Atop that, even if by some stretch manufacturing came back to the US, it wouldn't make things cheaper.
If Company A is in China and has a tariff put on it, which raises the price of their product from $100 to $150, and then Company B moves manufacturing to the US, will they sell their product for $100? Not a chance. They're going to maximize profits. They can sell their product for $149 and still be cheaper than Company A.
So even if by some silly stretch some companies did move manufacturing to the US to avo
Too late... (Score:4, Interesting)
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Sony boycott is on until they only raise prices for the US. Americans pay the Trump tariff tax.
Woo Hoo! (Score:5, Funny)
So much winning, it's wearing me out!
Excellent (Score:4, Interesting)
Let us hope they put in a line item with every purchase showing how much tariff the consumer, not the company, is paying.
Every company always considers price hikes. (Score:2)
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JD Vance visits Vatican City Francis, within a month an American pope is anointed.
I know, right. When is a coup not a coup?