PlayStation 5 sales are breaking all previous records. Demand for the next-generation console is helping the company reach its sales target. The company has just announced its second consecutive quarter of strong sales. Best of all, Sony sells 6.3 million PS5s. This seems to be an attractive number for the company.
In the same period last year, the company reached a sales target of 2 million. For the fiscal year 2022, the company managed to sell 19.1 million units, which is significantly higher than the 18 million sales forecast. In total, Sony is on track to sell 38.4 million PS5s since the console’s release in 2020.
Sony Sells Record 6.3 Million PS5s…
This may not be good news on the software side, with sales dropping to 68 million from 70.5 million a year ago. PlayStation is also losing network users from 108 million to 112 million. Most importantly, there is a significant increase in PS Plus subscribers. All this has boosted Sony’s revenues from games and network services.
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In short, the company was able to grab $7.9 billion compared to $4.9 billion. The significant change in exchange rates has also paved the way for a slight decline in profits. In the current fiscal year, the company has been able to record sales of $29 billion compared to $19.9 billion in the previous year.
Sony is very excited and confident in predicting an upward trajectory for PS5 sales in the coming years. The company is predicting an increase in sales of almost 7%. In addition, the forecasts for hardware sales are positive, while there is uncertainty about PlayStation VR2 sales. The company’s games division covers the possible losses of other divisions.
Not to mention that TVs, cameras, chips, sensors, and other products are also doing well. In total, the company makes $84.8 billion in revenue and almost $8.9 billion in profit. With Sony selling 6.3 million PS5s, it has only frightened other major tech companies, as Microsoft is busy dealing with merger issues.
