Part of the problem is a growing arbitrage market that sees people buying consoles in Japan and selling them overseas, exacerbating difficulties for companies already beset by supply chain and logistics challenges. The consensus among analysts is that the current business model is unsustainable and overdue for revision. No company wants to be first to break the unwritten rule against raising prices after a console’s release, for fear of losing players and game developers to rivals, and all three believe they can recoup any losses through international software sales. have held fast to a 100-yen-to-the-dollar conversion rate that today sees their consoles as much as $100 cheaper in Japan than elsewhere in the world. Sneakerhead Accused of Running Huge Air Jordan Ponzi Scheme How a Celebrity CEO’s Rule of Fear Helped Bring Down Hot Startup Zilingo
(Bloomberg) - The weaker yen has triggered price hikes on electronics from iPhones to refrigerators across Japan this year, with one glaring exception: the video game console.Ĭhina Stokes Tensions as Missiles Reportedly Overfly Taiwan
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