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- PS Plus has become significantly more expensive over the last three years.
- PlayStation states that the service is still growing despite these pricing adjustments.
- The gaming giant will continue to adjust pricing to maximize profitability.
The PS Plus subscription has changed significantly over the last three years. Divided into three tiers, this service is now more than just a gateway to online multiplayer on the PS4 and PS5, making it quite valuable to users of Sony’s gaming platform.
However, the subscription has also received criticism for price hikes. In fact, Sony has revised pricing multiple times over the last few years, and it seems that prices will continue to shift moving forward.
Why it matters: Subscription services are sold on the value proposition, and each time prices go up, this value proposition goes down.
Speaking on PS Plus, PlayStation CEO Hideaki Nishino described the service as ever-growing. He stated that nearly 40% of the total user base has opted for the more expensive “Extra” or “Premium” tiers.
He also noted that these tiers have seen consistent growth despite the pricing adjustments introduced in recent years. According to Hideaki Nishino, the new pricing has a lot to do with the added quality and content in recent years.
Concluding his thoughts on the current standing of PS Plus, the CEO confirmed that fans can expect further pricing adjustments to maximize profitability, indicating that more price hikes are on the table.
We will continue to add more value and adjust our pricing strategy in a dynamic way.
-Hideaki Nishino
Like PS Plus, Xbox Game Pass has seen its fair share of pricing adjustments recently. In fact, Xbox’s service is expected to become more expensive moving forward, and it seems PlayStation is set to follow suit.
What are your thoughts on Sony setting expectations for future price hikes? Let’s discuss in the comments and on the Tech4Gamers Forums.
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[Senior News Reporter]
Avinash is currently pursuing a Business degree in Australia. For more than 5 years, he has been working as a gaming journalist, utilizing his writing skills and love for gaming to report on the latest updates in the industry. Avinash loves to play action games like Devil May Cry and has also been mentioned on highly regarded websites, such as IGN, GamesRadar, GameRant, Dualshockers, CBR, and Gamespot.
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