PS5 and Xbox Series X Game Prices Are Reportedly Rising

PS5 and Xbox Series X Game Prices Are Reportedly Rising – According to IDG Consulting, there is a possibility that the price of PS5 and Xbox Series X games will increase.

For those of you who can’t wait to play the latest generation of PS5 and Xbox Series X consoles, maybe you should know this. IDG Consulting is a video game industry forecasting and data analysis company. Just conveyed their views on the price of the latest generation of gaming consoles that might be going up. Although it is not clear about what percentage of the increase in the price of the game. Several publishers who are collaborating with IDG are currently considering this for some of their game franchises.

With better technology and features, of course, this makes game developers also participate in maximizing the appearance of their games. To make their games perform as well as possible on the latest generation of consoles, of course they also pay extra. Therefore, there is a possibility that the price of the game will also increase. The price increase for this latest generation of consoles has been proven by: NBA 2K21 game price. Game publisher NBA 2K21 has just announced the price of their game which is priced at $69.99, up $10 from the usual price of AAA games.

PS5 and Xbox Series X Game Prices Increase

But indeed not all games will increase the price of their games. An example is the game Star Wars: Squadron which will launch at a price of $39.99. Lately EA has often received protests from its fans for setting prices that are considered too high.

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This news may be disappointing for some players, but it is an attitude that must be understood. If we are in the position of game developers and publishers, raising the price of PS5 and Xbox Series X games is not just looking for profit. They also have to rotate the ways in which additional costs can be covered.

With the new PS5 and Xbox Series X consoles, of course, game development costs for new IPs and major franchise entries have increased by 100% to 200%. The increase is measured since the release of PS3 and Xbox 360 in 2006 ago. On the other hand, the price of other entertainment such as movies has already increased by 39%. For example, Netflix subscription prices have increased by 100% and cable TV subscription prices have now increased by 105% percent.

If what IDG Consulting said this really happened. Then the increase in the price of PS5 and Xbox Series X games will extend to many other game developers. But for more details, let’s just wait until the PlayStation 5 and Xbox Series X launch at the end of 2021.

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