By pricing products as high as the market would bear,Sony used which method when pricing its PlayStation consoles internationally?

Question

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Skimming pricing is the method of setting high prices initially to target early adopters and maximize profits before gradually lowering the price to reach a broader market. By pricing products as high as the market would bear, Sony was adopting a skimming pricing strategy for its PlayStation consoles. This was evident with the launch of the PlayStation 3, which was initially priced at $599, targeting the high-end market segment before gradually reducing the price to reach a broader audience.

By Pricing Products as High as the Market Would Bear,Sony