If your competitor is forced to raise prices 10%, why wouldn’t you raise prices 8/9/10%?
Anyone that’s taken an AP history class knew tariffs don’t work to help the economy — it’s a tax on all of us and only raises all prices.
You might not buy a €600 Xbox when the Switch is €250, but it looks more attractive when the Swich is €470
Moonrise2473@feddit.it 23 hours ago
zero competitors are forced to raise prices 10% in europe, though
it’s a console launched 5 years ago with no new revision, it was unattractive for €500 in 2020 and it’s even more unattractive for €600 in 2025, if they want to move more units they should lower the prices, not increase them. With this price people can get a real PC with better performance, where you don’t need to pay a subscription to play online. And there are no cool “must have” exclusives like the ps5 or the switch, so the premium is not justified.
TehPers@beehaw.org 17 hours ago
This depends on the markets. For example, if prices in the US raised 50% due to Tariffs, then they might lose one of their largest markets, but if they can raise them 10% globally, then they can potentially limit that loss and still have a chance (as much as possible anyway) in all of their markets.
Either way, they need to raise prices because their costs have gone up. It’s a question of where that money is coming from, and how they can reduce its impact on them as much as possible.
BurningRiver@beehaw.org 3 hours ago
There’s about a zero percent chance that 5 year old console components cost more today than they did 5 years ago.
Things like that don’t get more expensive, they get cheaper as new tech develops.