Sony Group Corporation (SONY) shares are trading lower on Wednesday following the company’s decision to take its multiplayer shooter ‘Concord’ offline starting September 6, 2024.
In a statement, Sony acknowledged that while some aspects of the game resonated with players, others did not meet expectations. They attributed this to the initial launch and overall gameplay experience. As a result, the company will immediately stop selling ‘Concord’ and offer full refunds to all PS5 and PC players who purchased the game.
‘Concord’ was launched on August 23 for Windows and PlayStation 5. This decision comes shortly after Sony announced a price increase for its PlayStation 5 (PS5) console in Japan, effective September 2. Additionally, the company has launched a new Accessories app for Windows, allowing PC users to customize their PlayStation 5 DualSense Edge controllers.
Investors interested in Sony can access its stock through the BlackRock Large Cap Core ETF (BLCR) and the Calamos ETF Trust Calamos Antetokounmpo Global Sustainable Equities ETF (SROI).
At last check on Wednesday, SONY shares were down 0.67% at $94.85.
