Video games will be more expensive than ever. And the fault lies with the new generation of consoles from Microsoft and Sony – Executive Digest

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Games can become a more expensive hobby. Microsoft and Sony will launch their next-generation Xbox and PlayStation consoles as early as October, so the industry is betting that customers will be willing to pay even higher prices for games.

Consumers are already rushing to pre-order the new consoles, with the units selling quickly after listing. Both Microsoft’s Xbox Series X and Sony’s PlayStation 5 cost about $ 500. Sony PS5s cost $ 400 online, while Microsoft’s Xbox S S Series, more affordable, costs $ 300.

Blockbuster video games typically cost around $ 60 at launch, as indicated by CNBC.

The two console manufacturers, Microsoft and Sony, promise much more powerful performance and better graphics. For example, each comes with storage devices to allow faster load times, as well as a feature that offers ultra-realistic graphics.

But with those specifications premium, game publishers are expected to increase their prices due to the additional development and marketing costs.

Earlier this month, Sony confirmed a maximum price of $ 70 for games, after announcing the launch date and price for its PS5.

“Our own World Studios titles will be priced at $ 49.99 to $ 69.99 on PS5,” said Sony Interactive Entertainment CEO Jim Ryan earlier this month, quoted by CNBC.

This price increase puts an end to the $ 60 standard, which has been the industry norm for 15 years.

Microsoft has yet to comment on the price of Xbox first-hand games, but Team Xbox division chief Phil Spencer said in an interview with Washington Post who thinks “that the customer will decide the right price for them”.



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