Should Xbox 360 and PS3 games become cheaper?

Gannon Mannion of Lazy Gamer writes "Earlier yesterday morning I spotted a tweet that was asking the question as to why AAA games like Far Cry 4 and the like are still being sold at a premium on the older platforms.

Now to cover the common question in a paragraph: The games on consoles cost more than on PC because a portion of each sale goes to the hardware provider which is why the consoles can be sold at near cost or less than cost. This has been the standard console practice since time began and it works so there is little reason to believe it’s going to change anytime soon.

But the question is still valid if you think about it. The Xbox 360 and PS3 are nearing 10 years old and their R&D costs have easily been covered. As such the platform owners definitely have space to cut their licensing cost and start offering more competitive pricing on the older platforms."