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It won't be profitable enough, because that is the only thing that matters for them. That's what we are to them: cows to be milked, not customers to be satisfied.
They can easily afford to make The Sims 5, but they do not want to. They just want us to simply pretend that The SIms 4 can be treated as The SIms 5 as well, but for how long EA is going to continue The SIms 4 before they abandon it is anyone's guess at this point. If The SIms 4 ever gets abandoned because EA decides they want to officially make The SIms 5 my best guess is that basegame would still be free to play, but permanently reduced prices as well for expansion packs and gamepacks at full price similar to the approach that The Sims 3 went towards where expansion packs drop to $20 at full price and gamepacks drop to $15 at full price, but stuff packs ($10) and kit packs ($5) would still cost the same.
Or they trying to push EA Play so you won't ever own your copy of the game just leasing it, making you pay much more in the long run as you would just buying it (yes, I know you are not owning TS4 and the DLCs, not even now; if Steam or EA are deciding to erase the game from their servers you will never be able to play the game anymore nor will you get your money back).
The first test is already running with their community creation kit. How many people are ready to spend money on content which doesn’t come from EA directly and how good sell this kit better than the kits which completely come from EA. If it’s good enough then the first step for a community market is already there. The best money is the money which you don't need to investing ANY money in the long run and the community creates your money for you.
That being said EA has less of an impact with that same greed, but it's a bad thing to have and makes for a worse product. guaranteed most ea staff are gradually paid less, or gradually expected to work more. Inhuman conditions are guaranteed. Why would EA stand out when literally every other company, every other government and every other society is dealing with the same ♥♥♥♥?
Probably put the money into some sports game that doesn't have such dedicated detractors posting about piracy and boycotts.
Companies need to make 300% of what they invested in a project, better yet, 500%. Everything else is a great failure. Seeing what EA demands for DLCs I say they aim even higher. They will never change their price policy and, in a way, they can't.
How I know these things? Hilariously enough I did study economics.