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Microsoft Raises Xbox Prices, Citing ‘Market Conditions'
PYMNTS.com· 2025-05-01 18:46
Core Points - Microsoft has raised the recommended retail pricing for Xbox consoles and controllers globally, effective May 1, and plans to increase the price of new first-party games during the holiday season [1][4] Pricing Changes - The price of the Series S 512GB console has increased by $80 to $380, while the Series X console has risen by $100 to $600 [4] - Certain games will see a price increase of $10, bringing their price to $80 [4] - Pricing for Xbox headsets will change only in the United States and Canada, with some Xbox controllers remaining at the same price [2] Market Conditions - Microsoft acknowledged that these pricing changes are challenging and were made after careful consideration of market conditions and rising development costs [2] - The company did not confirm if U.S. tariffs influenced the price hikes, but it relies on overseas manufacturing, including in China [3] Retailer Responses - Executives from major retailers, including Walmart and Target, indicated that maintaining low prices amid tariffs is becoming increasingly difficult, and some products may become scarce if retailers opt not to sell them due to tariff costs [4][5] - Retailers have taken measures to manage tariffs, such as Walmart halting some holiday orders from Chinese manufacturers and Target pausing shipments from direct Chinese suppliers [5] Impact on SMBs - Small to medium-sized businesses (SMBs) are facing tough decisions as they seek ways to share, offset, or avoid costs, risking their competitiveness against larger rivals [6]
Microsoft raises prices of Xbox video game consoles due to 'market conditions'
CNBC· 2025-05-01 16:18
Microsoft CEO Satya Nadella speaks during an event celebrating the 50th Anniversary of Microsoft in Redmond, Washington, on April 4, 2025.Microsoft said Thursday that it has increased the recommended retail prices of its Xbox video game consoles and some controllers globally due to "market conditions."The announcement, which also affects some new first-party games, means consumers will be paying more for consoles this holiday season as they reckon with higher costs from President Donald Trump's sweeping tar ...
KB Home(KBH) - 2025 Q1 - Earnings Call Transcript
2025-03-24 21:00
KB Home (KBH) Q1 2025 Earnings Call March 24, 2025 05:00 PM ET Company Participants Jill Peters - SVP - IRJeffrey Mezger - Chairman, President & CEORobert McGibney - President & COOWilliam Hollinger - SVP & CAOMatthew Bouley - Managing DirectorMatthew Johnson - Associate Director - Equity ResearchStephen Kim - Senior Managing DirectorMichael Dahl - Managing DirectorMichael Rehaut - Executive DirectorAlan Ratner - Managing DirectorJay McCanless - SVP - Equity ResearchTrevor Allinson - Director - Equity Resea ...
Kingstone(KINS) - 2024 Q4 - Earnings Call Transcript
2025-03-14 13:59
Kingstone Companies, Inc. (NASDAQ:KINS) Q4 2024 Earnings Conference Call March 14, 2025 8:30 AM ET Company Participants Karin Daly - Vice President, Investor Relations Meryl Golden - President and Chief Executive Officer Jennifer Gravelle - Chief Financial Officer Conference Call Participants Robert Farnam - Janney Montgomery Scott Gabriel McClare - Private Investor Operator Greetings, and welcome to the Kingstone Company's Fourth Quarter and Full Year 2024 Earnings Conference Call. [Operator Instructions] ...
Imperial Petroleum (IMPP) - 2024 Q4 - Earnings Call Transcript
2025-02-13 16:00
Imperial Petroleum (IMPP) Q4 2024 Earnings Call February 13, 2025 10:00 AM ET Company Participants Harry Vafias - President, CEO & ChairmanIfigeneia Sakellari - Interim CFO Operator Good day, and thank you for standing by. Welcome to the Imperial Petroleum Inc. Q4 twenty twenty four and twelve months twenty twenty four Financial and Operating Results Conference Call and Webcast. All participants will be in listen only mode during the conference with no question and answer session. Please note that today's c ...