Posted 6 September 2023

PlayStation Plus Monthly Cost Soars by 600% in Turkey, Sparking Outrage

PlayStation Plus Monthly Cost Soars by 600% in Turkey, Sparking Outrage
ISTANBUL, TURKEY - Sony Interactive Entertainment has left Turkish PlayStation Plus subscribers stunned and infuriated as they announced a staggering price increase of over 600% for the monthly subscription service. Effective immediately, the monthly cost has surged from 400 Turkish Lira (TRY) to a jaw-dropping 2,340 TRY, sending shockwaves through the gaming community.

While this decision may have sent shockwaves through the gaming community, it has certainly pleased investors, who eagerly anticipate higher profits for the Japanese tech giant. Bloomberg (paywall) reported that Sony's shares in Tokyo increased by an impressive 3.4% on Friday, marking the company's most significant gain in over a month.

CLSA analyst Amit Garg suggested that this substantial price hike could translate to an additional $378 million in annual operating profits for Sony, with the possibility of further increases on the horizon. However, the move does not come without risks. Recent surveys indicate that half of Push Square's readers polled are considering downgrading their subscription tier or canceling their PlayStation Plus subscriptions altogether.

The magnitude of this price increase has taken many by surprise, with the annual cost of the most basic PlayStation Plus Essential membership leaping from 400 TRY to 2,340 TRY in Turkey. Sony's introduction of new subscription tiers appears to have been effective in increasing the average revenue per user. Nevertheless, the company now faces the daunting task of retaining its roughly 50 million subscribers worldwide who may choose not to renew their subscriptions in the wake of this substantial price hike.

Sony's decision to increase the cost of PlayStation Plus subscriptions in Turkey comes as part of a broader global price adjustment. In the United States, for instance, the annual fee for the PS Plus Essential package has risen from $59.99 to $79.99, reflecting a 33% increase.

PlayStation Plus offers subscribers various benefits, including access to online multiplayer gaming, free monthly game downloads, and exclusive discounts on games and add-ons. The service has been a significant source of revenue for Sony Interactive Entertainment, with millions of subscribers worldwide.

For Turkish gamers who have long enjoyed the perks of PlayStation Plus, this dramatic price hike represents a tough pill to swallow. As the gaming community watches closely to see how this decision impacts Sony's subscriber base, it remains to be seen whether the promise of increased profits will outweigh the potential loss of loyal customers. PlayStation Plus subscribers in Turkey, as well as across the globe, will undoubtedly be keeping a close eye on how this story unfolds in the coming months.

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  1. asjonesy's avatar
    Author
    Hope everyone who was happy getting their cheap games and PS+ accounts is still happy for screwing over Turkish gamers!
    InfoAddict's avatar
    There's no way the price would have stayed the same even without region exploiters. The price goes up because of the exchange rate.
  2. Admast79's avatar
    "For The Players"... Yeah right.

    The new slogan should be "For The Shareholders".
  3. Player-1's avatar
    I don't see a issue with this as users where taking advantage of this when they shouldn't have. Using VPN.

    So personally I agree with this price hike.

    Not far on Turkish gamers. But others to blame
    InfoAddict's avatar
    It's not others to blame why do people keep saying that. The price increase is 1:1 with the Yen in all regions. It was happening regardless of regional exploiters. (edited)
  4. BluesFanUK's avatar
    Cancelled my one, i'll stick to purchasing cheap games and be a bit more picky about what I buy, time to play all the backlog I currently have!
  5. User552850's avatar
    Yep, it's our fault their economy is in the mud. Bloody gamers!
  6. sm9690's avatar
    Effective immediately, the monthly cost has surged from 400 Turkish Lira (TRY) to a jaw-dropping 2,340 TRY, sending shockwaves through the gaming community.

    That can't be right, surely? 2,340 TRY is like £70. I doubt it would be £70 a month. (edited)
    Apple_Revolution's avatar
    I have a yearly subscription and got the email for TRY 2,340, I assume that's the yearly price and not monthly?? If it's monthly that will be crazy.
  7. Isaac_McCafferty's avatar
    when does this come into effect?
    MadeDixonsCry's avatar
    I need to know this too
  8. InfoAddict's avatar
    Where is the source of the new prices? I can't find them anywhere except for this article.
  9. InfoAddict's avatar
    Next thing I'm curious about, is what the max cap of the upgrades from Essentials to Extra and Deluxe are.
    Isaac_McCafferty's avatar
    someone did 50 years.
  10. Moss.b's avatar
    Had to find out myself as people saying no Increase etc

    50933580-NunBh.jpg
  11. Apple_Revolution's avatar
    This is the email I received about the price increase
    This will be £70 for a year

    50935207_1.jpg (edited)
  12. Christy.Craig's avatar
    Wow that is some hike. Glad I stacked 2 years at 400 lira last week. Turkish gamers must be going mad. That's crazy.
  13. Lee_Meager's avatar
    Can you still buy one cheap now,mine still says 460.000
    Christy.Craig's avatar
    Where are you seeing that price? App, website, console?
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