Capcom President Floats Game Price Hikes to $70 Amid Rising Costs

Capcom president says game prices are too low compared to development costs, suggesting price increases.
$70 game prices became common in 2022, but Capcom has stuck to $60 so far.
Tsujimoto said at Tokyo Game Show that prices should rise with wages and costs.
He believes recession shouldn't stop price increases, as people still buy games.
As costs rise publishers will likely raise prices past $70 despite some gamer backlash.

kotaku.com

Relevant topic timeline:

8/21/2023

3 takeaways on the state of the global games market (hint: it's growing)

The global video game industry is expected to generate nearly $188 billion in revenue in 2023, with console sales driving the biggest revenue growth, and an increase in younger gamers contributing to the industry's growth; meanwhile, mobile game growth is expected to slow due to privacy-related challenges faced by developers.

9/12/2023

Unity's New Pricing Model Based on Installs Sparks Backlash Among Developers

Unity Technologies has faced widespread backlash from the video game developer community after announcing a new pricing model that charges a fee based on game installations, rather than a revenue sharing model, leading to concerns about financial risks, impact on subscription services, charity bundles, piracy, and other successful models for smaller developers.

9/26/2023

Capcom President Hints at Raising Game Prices to $70, Citing Rising Development Costs

Capcom's president believes that game prices should be increased due to rising development costs and the need to attract talent through higher wages, suggesting it as a healthy business model.