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PlayStation’s Market Dominance: A New Era of Console War
- 1 Nankai Tianjiabing High School
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Abstract
The electronic game is a diverse and wide-influence industry since the first model was developed by Magnavox Corporation in 1972. With new technology advancement and demands from emerging game market, first generation of console (Color TV-Game 6 in 1977, PlayStation 1 in 1994, SG-1000 in 1983 and Xbox in 2001) came out at the end of 20th century. This paper explores the multifaceted approaches and strategies Sony Interactive Entertainment (SIE) has employed to maintain and expand PlayStation's market share globally. Key elements of the strategy include leveraging exclusive game titles, fostering a strong brand community through events like the PlayStation Experience, and capitalizing on innovative technology with each console iteration. Additionally, the study examines PlayStation's adapt use of digital marketing tools, such as social media engagement, influencer partnerships, and strategic collaborations for cross-media exposure. The paper also delves into PlayStation's approach to market segmentation, targeting diverse demographics through varied gaming experiences, and adapting to the evolving landscape of digital distribution and cloud gaming. Through the application of SWOT and STP theories, this study analyzes these strategies and concludes that PlayStation should sustain its strengths in exclusive games, cloud gaming, and console performance. Additionally, it is imperative for PlayStation to mitigate over-reliance on exclusive game studios, with a heightened focus on game playability and the cultivation of its brand ecosystem.
Keywords
PlayStation, game console, Sony Interactive Entertainment, STP, Marketing Strategy, SWOT
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Cite this article
Wang,H. (2025). PlayStation’s Market Dominance: A New Era of Console War. Advances in Economics, Management and Political Sciences,178,26-33.
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Volume title: Proceedings of the 3rd International Conference on Management Research and Economic Development
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