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Activision Steam Prices: What the 2,402% Increase Reported in 2023 Meant

HotHardware's October 2023 report described sharp Steam price increases for some Activision games in select regions, including Call of Duty prices in Argentina. The 2,402% maximum was not a universal increase, and the timing does not prove Microsoft's acquisition caused it.
From TheFinanceBase Team2 min to read
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On October 18, 2023, HotHardware reported that some Activision game prices on Steam had risen sharply in several regions, with changes observed on October 16. Its largest reported increase was 2,402%—roughly 24 times the former price—but this was a regional, title-specific figure, not a blanket increase across all Activision games or Steam markets.

What prices did HotHardware report?

The clearest example in the report was Call of Duty: Black Ops II and III in Argentina: HotHardware reported that each went from 999 ARS to 24,000 ARS. It compared the new Argentine price, converted to US dollars at the time of its report, at about $68.57 with a US price of $59.99. That nominal exchange-rate comparison does not show what either price meant for local purchasing power or affordability.

HotHardware also reported that Halo: The Master Chief Collection in the Philippines increased from 898 PHP to 2,190 PHP, about 2.4 times the earlier price. It described the increase for that title in Argentina as fourfold. These examples illustrate why the reported 2,402% maximum should not be applied to every game or country.

Which regions were affected?

HotHardware said most prices in the United States, Canada, and the United Kingdom were unaffected, while prices rose in many other regions. It singled out Argentina and Turkey as among the hardest-hit markets and also named Brazil, Indonesia, Mexico, Malaysia, the Philippines, South Africa, South Korea, and Ukraine. The report said its regional list was not comprehensive and that the changes differed by game and territory.

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Did Microsoft’s acquisition cause the increases?

The timing placed the changes shortly after Microsoft’s acquisition of Activision Blizzard King closed, and HotHardware framed them as a possible early knock-on effect. Timing alone does not establish that the acquisition caused the price changes, identify who decided them, or explain why. HotHardware said it contacted Microsoft for comment, but its report did not include a company explanation. There is no attributable company statement in the cited reporting that confirms a reason for the changes.

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How can you check a Steam game’s price history?

SteamDB’s price-history tracker can help investigate historical regional prices. As described on its tracker page, SteamDB covers 41 supported Steam currencies, has price data dating back to 2012, and detects price changes within minutes. SteamDB also says it is not affiliated with Valve or Steam. Those descriptions explain the tool’s scope; they do not independently verify each 2023 price example HotHardware reported.

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For a purchase today, check the live Steam listing in your own region: the 2023 report is historical, not a current price alert. When comparing prices, keep the title, region, currency, and date attached to the figure. A rise in a local-currency list price is different from a change in its US-dollar conversion, from a smaller sale discount, and from a change in what the game costs relative to local incomes.

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Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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