Sony has defended its decision to raise PlayStation Plus prices by up to 35%

Sony Interactive Entertainment’s senior vice president and head of global marketing, Eric Lempel, was asked to explain the price hikes in an interview with Barron’s.

“We want to make PlayStation Plus great,” he said. “With our reboot last year and introducing the tier system, a lot of consumers have recognized that there’s a lot of value in PlayStation 5.

“Like practically everything else in the world, we have to look at our pricing and we have to adjust to market conditions.

“I’m happy to say, unlike a lot of other subscription services out there, we haven’t touched the PlayStation Plus pricing for 85% of the world in many years. So, this was the first time we did something there.”

Microsoft also raised prices for its rival subscription service, Game Pass, in July, although the increases were relatively small.

The monthly price of a Game Pass console subscription rose from $9.99 to $10.99 (£7.99 to £8.99 / €9.99 to €10.99), while the Xbox Game Pass Ultimate price increased from $14.99 per month to $16.99 (£10.99 to £12.99 / €12.99 to €14.99).