India, June 16 -- Sony has released a new report for investors, highlighting the growth of the PlayStation 5's market presence and the continued rise in PlayStation Plus subscribers. The PlayStation Plus service has been particularly successful in attracting users to its higher subscription tiers, and as a result, Sony is now considering raising prices for PS Plus "to maximize profitability."

After the report was made public, Hideaki Nishino, president and CEO of Sony Interactive Entertainment, discussed the company's plans during a fireside chat. He confirmed that PlayStation Plus pricing is only expected to go up from here.

"The PlayStation Plus service offers great value for our players, and we will continue to add more value and adj...