The age of $60 video games ended as soon as video game developers started hiking the price of their video games to $70. As part of the ongoing industry shakeup, SEGA has announced its potential plans to join others.
In an investor Q&A, SEGA Sammy president and vice president, Haruki Satomi and Koichi Fukazawa, respectively, suggested that $70 games are a possibility.
The planned move is currently being contemplated as part of a company-wide effort to address rising development costs and to ensure the continued delivery of high-quality gaming experiences.
SEGA is a pioneer in the gaming industry, having delivered iconic franchises like Sonic the Hedgehog and Yakuza. Its latest title, Like a Dragon 8, is also on the horizon, stirring anticipation among fans.
THe decision to increase game prices by $10 is not something that any company takes lightly. Most acknowledge that it's a seismic shift that could push customers away. However, it's important to note that the price increase is important amidst a continuous rise in the costs of video game production. The gaming industry has gone through a considerable surge in the development costs in recent years, largely due to technological advancements and growing expectations from gamers for better and more immersive experiences.