mangochutney
Member
This man understands it.
Another graph against USD, EUR and GBP. Fallen around 40% in the last couple of years, and so seems they've gone beyond that to cover off further weakening in the currency.
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PS Plus will nearly double in price only in South Africa
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Another graph against USD, EUR and GBP. Fallen around 40% in the last couple of years, and so seems they've gone beyond that to cover off further weakening in the currency.
Yeah, not a price increase, so much as making sure the price for 1 year of service is the same around the world.
People in the SCEE regions have been complaining to SCEE about that for years (wanting price parity across regions). They just got it.
Price parity sounds good when you're in a country with a highly valued currency (and you want things cheaper) but it sucks when you're in a country with a low valued currency (and everything is then more expensive).
People in the SCEE regions have been complaining to SCEE about that for years (wanting price parity across regions). They just got it.
Price parity sounds good when you're in a country with a highly valued currency (and you want things cheaper) but it sucks when you're in a country with a low valued currency (and everything is then more expensive).
Sol_Goodguy
Member
It seems the price is going to be raised 'significantly' rather than 'slightly'.
I get that they did it because the currency has rather devalued, but why didn't they do the increase gradually rather than all at once and without much warning to subscribers? Seems like that would have cut down on potential backlash.
I get that they did it because the currency has rather devalued, but why didn't they do the increase gradually rather than all at once and without much warning to subscribers? Seems like that would have cut down on potential backlash.
Keep spreading that FUD man.
Well, of course it sucks that it's suddenly being adjusted with a quite significant increase.
I assume they can't really do that every other month, but now that these currencies have been taking a hit for a long time and it seems rather stable (roughly a year) it's time to adjust, I guess.
To cash in for the Holiday season.
tim_pkmn89
Member
Three months is plenty of warning.
And it'd be more of a hassle changing the price every time the currency changed.
We were given 4 hours notice.
mangochutney
Member
That would result in a higher price over the long term.
I can't remember when it was introduced, but lets say it was 2011 and it cost 10 'Currencies', and now in 2014 the end cost we want to arrive at is double, 20 Currencies.
In reality this happened: 2011 - 10Cs, 2012 - 10Cs, 2013 - 10Cs, 2014 - 20Cs. Total spent over 4 years: 50Cs.
If they increased gradually (assuming an evenly paced increase) this would have happened: 2011 - 10Cs, 2012 - 13.3Cs, 2013 - 16.6Cs, 2014 - 20Cs. Total spent over 4 years: 59.9Cs.
Miles Quaritch
Member
Not sure how it's FUD.
it's an opinion/assumption. Some/most disagree, but I could see a scenario where Sony do raise the price of Plus across the board to pay for upgrades to their servers.
That upgrade isn't going to pay for itself and I'm not entirely convinced the money they take in right now through Plus is enough to fund a server upgrade as well as Plus games across three platforms and whatever cut they owe to publishers.
RyanPierre
Member
I had the same thought. Odd choice of phrase for the thread title.
But...the original price is double the new additional price!
SteveO1683
Member
Sony making that Gamestop APR look good.
KainXVIII
Member
And that was most cruel.
Haunted
Member
Bringing the prices inline in these vastly different markets is probably one of the dumbest things you can do.
It's like they've learned nothing from Steam's successes in Russia. They're employing tiered pricing for different markets and it's done wonders for them. Does SCEE think they'll earn more from this move? So short-sighted.
Run to the store and stock up on 5 years PS+ cards!
Can you stack PS+ subscriptions via the PSN Store?
zomgbbqftw
Banned
The Rand and Rouble have depreciated significantly against the standard weighted basket, these price rises are inevitable.
Yea, as long as there are not so great things happening in Ukraine, my guess is that Rouble will drop more against western currencies.
Whats going on in SA? Great depression or why is the value of Rand dropping?
Okay, cool, any more detail?
I can't believe you started your post by diving into a hardline statement like that. Those statements sound like you have the facts and knowledge on the current situation within Sony where you can easily back up your assumptions that this future price increase will affect all regions.
Price parity is the norm since a lot of global company will try to get back the loss from that devalued currency. So in the end, this isn't really a big deal when the purchasing power of another country has loss its value.
FeiRR
Banned
We know there was a 70% (IIRC) increase in PS+ subscriptions after the PS4 launch. Unless you have some proof that they're going to do it, you should really stop.
Starwolf_UK
Member
You got it right. Not sure the reasoning. I think it is to do with inflation and exports though.
It seems the fall predates that and it seems rather volatile.
2012 1 Euro got you 40 Roubles, it gets you nearly 50.
In the case of the rand it went from about 11 to about 14.
I'd say the price is going up a bit too much but it almost seems like they are trying to claw back what they "lost" over the previous year.
EricTheCleric
Member
thats the cost of invading another country I guess.... (Russia ->Ukraine)
hobblygobbly
Member
Mostly related to labour issues with the mining industry and stuff (which South Africa makes a huge amount of money from), workers are striking, mines aren't running, etc. It has labour issues that other western countries had 50 years ago, basically. A lot of these mining operations are run by international companies as well, international investment because of this has also been scared away due to the labour issues. The rand began to drop since these issues began, and will continue to do so until it's sorted out. It's pretty much directly linked with it.
Most platinum in the world comes from South Africa, and some of the mine(s) that run that operation are the ones where workers are striking. I believe 75-80% of the world's platinum is from South Africa.
The_Player
Member
Where the fuck are you comming from with assumptions like that? First that one guy that was offensed by the fact that Destiny's Earth consists only of Russia, and now this newfella.
SneakyStephan
Banned
Can't tell is this post is a troll or a hilarious spin
FeiRR
Banned
He's up to the point. Russian economy got a hit because of financial restrictions imposed by both US and EU, this resulted in a drop in exchange rates. You can see graphs a few posts above. As a result, Sony is adjusting prices according to those exchange rates.
He is probably referring to the price increase of RU PS+ price.
Russian Ruble devaluation is starting to hit them hard right now due to the sanctions from the Ukraine conflict.
http://www.xe.com/currencycharts/?from=RUB&to=USD&view=1M
Geez...Even worst than I though.
Wow, I am glad that the US/UK/EU didn't have the balls and put a restriction on RU SWIFT because the global economy will feel the effects from an almost total collapse of the Russia economy.
It's a total bullshit hike of course, but 53% isn't even close to 'nearly double' :/
Check out his other post, what do you think?
Check out his other post, what do you think?
Winter John
Member
Oh wow. If this had been posted by a junior member I would assume they were from a marketing/pr department. Using an imaginary server upgrade to defend an arbitrary price hike? Terrible.
ProfessorMoran
Member
It's clearly a currency-driven thing, when your currency goes down significantly you pay more for stuff, no company is obligated to hold an old exchange rate forever.
Thanks for the info.
Tempesta di Fuoco
Banned
Yep, just what I thought. PS+ starts off more as a way to get Sony back the good will of customers, then they start cutting back on the "free games," and then the eventual price jump.
As soon as the bad months of PS+ started a while ago, I was expecting the price increase eventually.
Between this and how bad the game selection of PS+ have been lately, I'm thinking about letting PS+ run out.
As soon as the bad months of PS+ started a while ago, I was expecting the price increase eventually.
Between this and how bad the game selection of PS+ have been lately, I'm thinking about letting PS+ run out.
South African's average wage is almost double compared to the European country where I live so I don't know where you are getting at.
SaucyJack
Member
Depreciation of the Rand isn't it?
Old price had become cheap compared with £$ equivalents.
ProfessorMoran
Member
Let me get this straight, you want them to not price their service based on the value of your currency?
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