Microsoft Raises The Cost of Xbox Live Accounts

The new price for a one year account will go up to $59.99. The new pricing will go into effect November 1, 2010.


Electronic Entertainment Design and Research analyst Jesse Divnich said, “When originally launched in 2002, a Gold subscription cost the same as an AAA video game, ($50)” he said in an email. “When taking into account for inflation… and the additional services available to Gold subscribers in 2010, such as ESPN, Facebook, Twitter, Netflix, Last.fm and Video Kinect, a $10 price increase still represents an incredible value to consumers.”

"EEDAR data from our active consumer polls indicate 30% of Xbox 360 consumers have played a video game online 15 times or more in the last 3 months, compared to 23% for the PS3 and 10% for the Wii. The data reinforces previous notions that the Xbox 360 consumer base is more core orientated and/or that consumers find great value in the Xbox Live service, despite the fact that Microsoft’s competitors currently charge no subscription fees for online play.”

What he's saying is that we Xbox users will pay the $10 and they know it.
Ok.....we will.