Just yesterday Major Nelson dropped the bomb on us and announced that Microsoft has decided to rape our wallets of our hard earned cash, by increasing the Xbox Live subscription fees. New additions to the Xbox Live Gold account would be ESPN along with other features that will explain the increase. Apparently EEDAR analyst Jesse Divinch is defending the price raise and claims that the subscriptions are still “incredible value” for consumers.
“When taking into consideration the numerous services added to Xbox LIVE Gold subscribers over the last eight years, it comes as no surprise that Microsoft would eventually increase the price of a Gold subscription by a moderate amount,” says the analyst. “When originally launched in 2002, a Gold subscription cost the same as an AAA video game, $49.99. When taking into account for inflation ($50 in 2002 is roughly $60 in 2010) 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.”