PlayStation 5 as of yet still remains to be the largest selling console for the 9th generation of commercial systems in the video game race. In its latest report, the newest Sony machine sold 54.8 million units. Accounting for a decline in corporate projections and for PlayStation Plus subscribers, this is a surprising feat to say the least. Additionally, its first-party titles are taking a unique turn in 2024.
From one financial report recently, executives reveal that the properties for its platform are expanding reach. From CFO Hiroki Totoki, Sony Interactive Entertainment is eyeing other means to distribute its titles. Additionally, this year specifically will be vacant of identifying IPs and this year is to feature new releases – namely of its live-service venture.
In coverage of the recent financial earnings for Sony by Bloomberg, the PlayStation 5 is already nearing the second half of its lifecycle. This surprises many users online as the momentum of releases this generation has remained light in comparison to prior systems. And, this does not apply to only PlayStation, but Xbox as well for certain too.
“Looking ahead, PS5 will enter the latter stage of its life cycle. As such, we will put more emphasis on the balance between profitability and sales. For this reason, we expect the annual sales pace of PS5 hardware will start falling from the next fiscal year,” Sony senior vice president Naomi Matsuoka addressed. Again, the firm reiterates on the matter of hardware sales with it now expecting less to push out in the tailend of this generation.
What makes this different than – let’s say, Nintendo – is how much the firm has managed in the same time. In roughly four years, the Nintendo Switch managed to deliver a massive library of titles. This includes re-releases of its Wii U & new, unique entries for the new platform. And Nintendo still continued this strategy well into the present and still exceeding expectations. You can read the full report by heading here.
What are you most surprised about the statement from Sony?
