As of Q1 2022, the total revenue of Ring increased to somewhere around $468 million with subscription revenue amounting to $440 million.
That said, Ring announced a couple of new features for the Ring Protect Basic plans a few days ago.
However, it comes with a substantial increase in subscription costs, with those looking to use multiple devices reportedly upset over the sudden announcement.
While some said they would continue using basic functionalities offered by the service such as doorbell alerts, live camera view, and two-way talk, others are looking for Ring alternatives that make sense and offer similar features at competitive prices.
A bunch of users said they are thinking of switching to non-subscription services and devices with onboard storage such as the Eufy video doorbell and the Wyze indoor camera.
Others are opting for local alarm companies in their area. Google’s Nest subscription also seems to be a good option since the pricing is now in line with Ring.
Some say they are considering switching to solutions such as Amcrest, Reolink IP cameras, and Ubiquiti. If you are a DIY enthusiast, SimpliSafe is another fantastic alternative to look out for.
Let us hope Ring takes a look at user feedback and adjusts its prices accordingly in the coming days since the sudden increase in subscription price will eventually lead to many users switching to another service.
In the meantime, do let us know if we missed out on something and if we helped you find some good alternatives to Ring in the comment section below.
Note: We have more such stories in our dedicated News Section so be sure to follow them as well.
Featured image source: Ring
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