The fundamental problem with increasing prices is that you create an opportunity for competitors.
If Photoshop would cost 5€ a month, then everyone would buy it because it is the best.
If Photoshop costs 50€ a month, they make more money, but they are leaving a huge opportunity for competitors to make a 5€ a month product.
I actually think the latter is better for the ecosystem. There's going to be multiple products, with Adobe at the top, but also a lot of apps from smaller developers. On the Mac there are for example Acorn, Pixelmator, Affinity Photo -- none of them are a full replacement for Photoshop, but they are decent options for people who just need to edit a photo.
Back when pirate Photoshop copies were ubiquitous, there just weren't any opportunities for smaller developers like there are now.
Most (all?) arguments that depend on competition depend on a fair market.
However, no industry or government lives in a vacuum.
Firm X develops enough market dominance to constantly collect vast sums of money to build their war chest.
This war chest is used to buy out competitors, and kill off competing ideas.
Firm X creates clones of lower priced alternatives, then outcompetes the smaller firm.
Firm X uses war chest to fob off or weaken regulators (if any exist), extending the time they can extract rents.
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Little guys have to survive by getting enough money fast enough to beat the Big guy. Why bother? Get moderately sized, get bought out, and live with your wealth.
PS: I have butchered economics somewhere, forgive me.
If Photoshop would cost 5€ a month, then everyone would buy it because it is the best.
If Photoshop costs 50€ a month, they make more money, but they are leaving a huge opportunity for competitors to make a 5€ a month product.
I actually think the latter is better for the ecosystem. There's going to be multiple products, with Adobe at the top, but also a lot of apps from smaller developers. On the Mac there are for example Acorn, Pixelmator, Affinity Photo -- none of them are a full replacement for Photoshop, but they are decent options for people who just need to edit a photo.
Back when pirate Photoshop copies were ubiquitous, there just weren't any opportunities for smaller developers like there are now.