• Posted February 26th, 2013 at 16:48 EDT by Timothy Weaver

UPDATE: Polygon has obtained comment from an EA representative on Jorgensen's statements. According to EA's rep, Jorgensen meant to characterize a general trend of declining retail prices over the course of a console generation, and that he intended to use $59 and $49 as examples, not $69.99 and $59.00.

Original: At a Morgan Stanley investor webcast moments ago, Chief Financial Officer Blake Jorgensen indicated that next-gen video games may retail for $69.99, $10 more than the current retail norm of $59.99.

Jorgensen was asked about a possible increase in retail costs for PS4 and Xbox 720 games and mentioned that such an increase has happened in every generation, followed by a slight decline in prices as each generation runs its course. In order to cover transitional costs for "Gen4" development, Jorgensen expects that next-gen video games will retail for $69.99 for some time, before the market dictates a slight decrease back to the current $59.99 standard.

Tell us what you think! Are you OK with another $10 increase in game prices, or is this asking too much of gamers today? Let us know in the comments below and keep your eyes peeled to PlayStation Universe for PS4 updates in the days and weeks ahead.