"2. Budget: The development cost was set at about the same level as that of Persona 3. To satisfy the consumers, we spent the majority of our resources on increasing the volume of features that the players liked, improving the game systems, and working on the story and characters (the two key components of an RPG). In the end, we were able to keep the number of omitted features to a minimum, while incorporating many changes and additions to reflect the opinions gathered toward the end of development."
Source: http://www.gamasutra.com/view/news/116413/Exclusive_Behind_The_Scenes_Of_Atlus_Persona_4.php
I do not know what the budget for Persona 3 was.
"In the video game industry, AAA (pronounced "triple A") is a classification term used for games with the highest development budgets and levels of promotion. A title considered to be AAA is therefore expected to be a high quality game and to be among the year's bestsellers."
"AAA is not an acronym, but a grading scale, but some like to see it as an acronym to more simply show what attributes a game uses. One common way of perceived AAA as an acronym is like so, each "A" has a meaning regarding an overall quality. One "A" is given to games that are considered to be successful (critics or reviewers give it a perfect, or almost perfect score), another "A" is used when a game brings "innovative Gameplay" (a gaming characteristic so unique that differentiate the game from all the rest), and finally, the last "A" defines "Financial Success" (game sales that generate a huge profit). A title consider to be AAA is therefore a high quality game and its expected to be among the year’s bestsellers."
Source: http://en.wikipedia.org/wiki/AAA_(game_industry)
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