The marketing budget for the PlayStation 4
launch was 100 million dollars at the time of its release last year in which
Sony had to sell 2500 units to make that money back up in revenue, which
stands at $400. Sony used variety of advertisement mainly
in newspapers, magazines, online ads, TV commercials, radio, and gaming
conferences which appeals to a global audience. With all of these advisements, they
made a clear statement the audience that its product is better than the
competition.
It partnered with Netflix and Hulu and other
apps to make it an all around experience for people who may want to purchase
it. Partnering with other companies boost sales and also satisfy existing
audience along with new ones purchasing the product. Playstation uses
comparative advertising because it only has 2 main competitors in Xbox One and
Wii U. They also promote cheaper prices to appeal to the audience in a market.
A common promotion it uses are the release of console exclusives in which Sony
partners with a game franchise to develop exclusive titles only available for
the PlayStation.It also offer an online premium account called PlayStation
Plus that offers deals and different kind of content for
subscribers. The cost for the subscription is 60 bucks per year and
that money covers their marketing, manufacturing, and shipping along with
selling games and accessories.
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