Advertisement
Singapore markets close in 6 hours 9 minutes

  • Straits Times Index

    3,295.14
    +22.42 (+0.69%)
     

  • Nikkei

    38,329.39
    +777.23 (+2.07%)
     

  • Hang Seng

    17,097.67
    +268.74 (+1.60%)
     

  • FTSE 100

    8,044.81
    +20.94 (+0.26%)
     

  • Bitcoin USD

    66,640.65
    -184.09 (-0.28%)
     

  • CMC Crypto 200

    1,431.80
    +17.04 (+1.21%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • Dow

    38,503.69
    +263.71 (+0.69%)
     

  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     

  • Gold

    2,331.90
    -10.20 (-0.44%)
     

  • Crude Oil

    83.26
    -0.10 (-0.12%)
     

  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     

  • FTSE Bursa Malaysia

    1,567.41
    +5.77 (+0.37%)
     

  • Jakarta Composite Index

    7,169.76
    +58.95 (+0.83%)
     

  • PSE Index

    6,573.15
    +66.35 (+1.02%)
     

Sony cuts U.S. prices for PlayStation 4 ahead of holiday season

Reuters
A man rides an escalator under a advertisement board of Sony Corp's PlayStation 4 game console at an electronics retailer in Tokyo, Japan, June 23, 2015. REUTERS/Yuya Shino/Files

TOKYO (Reuters) - Sony Corp said it was cutting the price of its PlayStation 4 videogame console to around $350 from $400 to boost sales ahead of the year-end holiday season.

Thursday's announcement follows similar price cuts of the console in Asia, including its home market Japan, and adds pressure on rival Microsoft Corp, whose Xbox One system has lagged the PlayStation 4 in global sales.

Videogames, along with sensors, have helped lead a turnaround at Sony which is still struggling with weak smartphone and TV sales.

In July, Sony raised its full-year operating income forecast for its game and network services division to 60 billion yen ($501.3 million) from a previous 40 billion yen, due to solid PlayStation demand.

(Reporting by Ritsuko Ando; Editing by Miral Fahmy)