When looking from afar in terms of gross revenue for PlayStation compared to Xbox, it appears that the two have a large gap regarding which platform manages to earn more. But, there is a clear distinction as to how each platform makes its earnings. For Microsoft, it was previously reported that each system generation did not turn a profit, but, subscriptions & services is the true money maker for the Xbox company.
In regards to PlayStation, however, software is the true strong suit for its platform. Alike Xbox, PlayStation hardware did not turn a profit either in terms of hardware until the previous PlayStation 4 and projected PlayStation 5. Howbeit, the only true platform to stay profitable with its hardware revenue primarily is Nintendo compared to the three.
Sony Interactive Entertainment aware of its lackluster performance on services is looking to deliver more looking forward though. One statement from President & CEO Jim Ryan eluded to be in search for an Xbox Game Pass competitor. Unsure if it is PlayStation Now or a new pursuit altogether, the PlayStation firm is adamant to compete against the Xbox juggernaut.
Currently, it appears that the firm is looking to further improve PlayStation Now. In its latest financial report, Sony Interactive Entertainment lists both Marvel’s Spider-Man: Miles Morales & Horizon Forbidden West to be coming to the service. You can view the slide from the financial report in the image below:
In addition to the eye-opening scheduled titles to hit the platform, it also features additional growth to the PlayStation Now user base. Previously, it was reported that PlayStation Now welcomed 2.2 million active users back in early 2020. But the updated report now shares that PlayStation Now holds more than 3.2 million subscribers. And, Sony Interactive Entertainment plans to keep the momentum growing.
According to one report from Ampere Analysis, a quarter of all PlayStation Now users told to relinquish its subscription to the service thanks to the “lack of enjoyable games” offered by Sony Interactive Entertainment. However, it appears that the PlayStation firm is aware of the report an is indulging in more first-party release going forward.
Sony Interactive Entertainment also remarks on its other pursuits with PlayStation Now on the same slide. One being the previous $1 promotion for the service. While constantly practiced by Microsoft, it came to be a surprise when the announcement broke for PlayStation Now. That latter featured is the official addition of 1080p streaming for PlayStation Now titles. You can read the full report by heading here.
Do you see yourself getting PlayStation Now seeing Sony Interactive Entertainment new path?
Source: Sony
