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Wajeeh Khan

Sony PS5 Price Hikes: Why Raised Prices Could Signal a Red Flag for the Global Economy

Sony Group (SONY) stock closed lower on March 27 as investors reacted to a sudden global price hike for its gaming hardware. The NYSE-listed company hit a fresh 52-week low during the session, pressured by news that it’s struggling to absorb soaring component costs. 

Following today’s decline, SONY shares are down roughly 25% versus the start of this year.

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