Sony's recent report reveals positive trends for PlayStation 5 and a growing subscriber base for PlayStation Plus. With 38% of subscribers choosing the Premium and Extra tiers, the company is contemplating a price hike to enhance profitability. CEO Hideaki Nishino highlighted plans to increase the value of PS Plus to justify this price increase, despite previous price adjustments. Currently, the Premium subscription is $160 annually, with significant growth observed in higher-tier subscriptions over the last fiscal years. The U.S. market may face impending price hikes as other countries have already experienced increases.
The PlayStation Plus service offers great value for our players, and we will continue to add more value and adjust our pricing strategy in a dynamic way to maximize profitability.
Currently, PS Plus's Premium tier costs $160 per year in the US, while the Extra costs $135 and the Essential costs $80.
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