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Steam Research Shows Indie Games Have Very Low Wishlist-To-Sales Ratio
(tech4gamers.com)
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In that the purpose of the wishlist is "email me when this goes on sale" and indie games don't reduce prices as often, I can see why that would be the case.
Less often and not by as much. Big studio game from a year or two ago? 75% off. Indie game I put on my wishlist a decade ago? 40% off.
And yet in absolute price the indie game is still cheaper.
Often its not.