Not seeing good reasoning here. “Adjusting to market conditions” means they went as high as they believed they could bear, and the claim that they haven’t raised prices in “many years” doesn’t justify raising prices by $40 in one jump.

Lots of “consumers” this and that, as if we’re all on board with the hikes because we just recognize so much value in the service.

Ya I ditched apple, disney and PS plus subscriptions recently because of hikes. Really can’t justify the price on this one, its just blatant greed. If they had just kept the price where it I’d probably still have it but I think consumers are tired of being gouged for every last penny. Especially with playstation, they hiked out of nowhere, its a huge increase and theres no additional service.

unhappy with any price hike,this me makes me question paying at all.

but i absolutely don’t want a gamepass world for sony games where games come out day one on sonypass as they do retail. That’s a deathnail for the high quality content that sony provides. The only reason Microsoft can do it is because Microsoft Office pays for it, they are hoping that Office can keep paying for it until the competition is dead. Then they will drop the quality and raise the prices just like every subscription service.

Man in my eyes it was only just worth the asking price. I’ll stick to keeping an eye out for Black Friday deals or whatever but otherwise I think I can live without it.

For the first time since the service started I let my PS Plus subscription expire. This price hike is atrocious especially for the essential tier. Sony has also removed the ability for backing up saves to USB for PS5 games so your only option is paying for the cloud backups. Ffs. Very likely my last Sony purchase. Glad Linux gaming is a thing.