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Valve undertook an experiment recently to test how price affected the sales of their popular survival-horror FPS, Left 4 Dead.
They Reduced the price by 50% on Steam, which "resulted in a 3000% increase in sales of the game, posting overall sales that beat the title's original launch performance."
They also tested various other price drops over the holidays, seeing spikes in sales that corresponded well to the size of the discount.
This will undoubtedly add to the speculation that game prices have risen too high for the current economic climate. G4TV ran a live blog of Newell's presentation, providing a few more details.
[Source : Slashdot]
If, as is widely acknowledged, the game industry is now outgrowing the film and music industries put together, maybe the prices should now start to reflect the sales figures.
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