Video games are the best way to keep yourself engaged and it is the best source of entertainment. However, like every electronic gadget, your game console also shows technical problems and you get help from your game console repair technician, right? But have you ever thought why your game console is very expensive, even when you purchase it or repair it? Well, the recent statistics reveal that there are almost 3.24 billion gamers in this whole world.
Also, they use the best game console because it is the best form of video gaming and it has 28% of the market share in the video game market. A game console is basically a device which commonly a game lover uses for video gaming purposes. When you connect it with the display, it provides you the chance to control the games according to your action. But apart from all the entertainment factors, the question is what makes these consoles expensive, don’t you think? If yes, then let’s talk about this topic in detail.
What Makes the Game Console Expensive?
Low Console Price
According to the experts at the game console repair technician, the game consoles always come with outstanding specifications and features for each gaming generation. This process is repeated for almost 5-8 years until the new game generation is introduced in the market. Interestingly, these game consoles are designed in a way that they can run amazing game graphics which makes the game more smooth for the next few years. If a game console has amazing features, then its price must be high because of the components.
Apart from this, there are many manufacturers who pay special attention to the quality and longevity of the console. This way, manufacturers provide the users complete and consistent support for using the long lasting future.
There are some important factors that every console repairer at Your Phone Guy LLC and manufacturer consider, for instance, hardware, technology, and components which they use for creating a console. These factors are the most important reason for enhancing the price of the console. There is a fact that famous or popular consoles have not much high pricing rate. But when Sony launch a new Playstation, you can see they set the minimum price, for instance $399. Similarly, when Microsoft XBox series X launched, the price rate of this product wast $499.
Furthermore, if you want to build gaming PC which has the same specification and feature as the PS5, you have to spend almost $1500, and this price is consider to be the triple price of the console. The recent report revealed that companies like Sony and Microsoft was selling their consoles at very low price and they were earning loss for a long time.
In business term, this model is known as the razor and blades model. It means that you are selling your product on loss because you don’t decrease your sales and potential customers. However, there are many brands who keeps the prices low of their products, bear the loss, but never compromise on their monthly or annual sales.
The subscription of the game that a consumer buys after purchasing the console, is the company’s profit. If a consumer find the high price of the console, he will prefer to choose the alternative one. Therefore, such companies believe in “razor and blades model” and never compromise on their sales. Therefore, the platform holders always charge an excess price of their games that includes the complete prices. So, the whole process works like this.
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