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Microsoft announces price increases for some of its flagship products

Microsoft will increase prices by 20% for the Microsoft 365 software package, which includes applications such as Teams and Outlook, Reuters reports. Agerpres.

The increase will take effect within six months, the American giant informed, according to the quoted source.

It is the first increase since the package was launched a decade ago, and will affect business customers, said Jared Spataro, vice president of Microsoft 365, adding that 20 applications have been added since its launch.

“This price update reflects the increased value we have delivered to our customers over the last ten years,” said Spataro.

Microsoft has assured that it will not change the prices of consumer or education versions of the Microsoft 365 software package.

Microsoft 365 had sales of $ 53.9 billion in the most recent fiscal year, about a third of the US company’s total sales of $ 168 billion.

On Thursday, Microsoft shares reached a record high, and at the end of the session recorded an advance of 1.8%, to $ 295.96.

Photo source: Facebook / Microsoft

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