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ESRB partly responsible for big PSP Minis prices

PSP Minis was a new idea that came out alongside the PSPgo. The concept behind Minis was to provide quick pick-up-and-go games for under $9.99. The success of the games that are available on the iTunes App Store is obviously the influence behind Sony’s new line of Minis. The problem with comparing Minis to games on the App Store boils down to the price for the games. Even though a game such as Fieldrunners can be purchased for $2.99 on the App Store, the price is doubled on the PlayStation Network.

Sony’s director of PlayStation Network operations Eric Lempel recently spoke to Joystiq and revealed that Sony does not set the price for PSP Minis. Pricing is instead left to the developers.

Study suggests game industry lowering prices to account for bad economy

With folks having fewer dollars in their pockets to spend overall, a report from Electronic Entertainment Design and Research (EEDAR) indicates there are more games coming out at lower prices. The research group suggests publishers may have to continue that trend, at least in the short term, as the economy gets hit harder.

According to analyst Jesse Divnich, from the EEDAR’s report:

“As the Xbox 360 and the PS3 hardware continue to decline in price, more non-traditional, casual, family, and price sensitive gamers (noting these demographics sometimes overlap) will likely adopt these systems, which will increase the demand for cheaper titles.”

Another important issue is…