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It was not showing up for me using the updater. I downloaded the full version from my account on their website, but I am getting an "unable to verify the license signature" error. I tried reentering my license key (it puts a green check next to the entry) but it still has the same error. I can't get into any of my VMs right now because of it. I suspect their rollout of the new version is not complete yet. Hopefully it will sort itself out shortly.
Same issue here.
If you can reach Parallels support, they will give you a temporary key so you can get back into your VMs. I received a response on X that stated "This issue has been escalated to the concerned department."
Thanks. I filled a ticket on their support site a couple of hours ago. No response, yet. I'll try X next.
 
I still remember when basically every software house had no use for subscriptions and still survived fine, with true upgrades that really enticed people to support them.

One big difference was an expanding user base meant new customers and periodic upgrades was enough to survive. The market is pretty stagnant so developers need new ways to stay solvent.

I am guessing the Standard Edition is primarily intended for users who dislike subscription pricing, although its one-time purchase cost is exorbitant at $220, which is equivalent to 3.4 years of subscription that entitles you to the latest major version.

Given their regular sales I’ve never paid more than $50. I do agree the list price is set to encourage subscription purchases.
 
I use the FREE VMware Fusion on my MacBook Pro M4 and it works great with Windows 11 2025. No need to pay for any overpriced products.
 
They need revenue to pay their employees.
I agree, but their model appears to be overpriced for its value. I regularly purchase software, such as Adobe Photoshop and Lightroom subscription, along with a few macOS tools that are reasonably priced.
 
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