Sony PS5 Sales Exceed 38.4 Million Units, Boosting Revenue

Sony’s PlaySta­tion 5 (PS5) has now sold over 38.4 mil­lion units since its launch in 2020, cement­ing its sta­tus as the com­pa­ny’s most suc­cess­ful gam­ing con­sole. The PS5’s pop­u­lar­i­ty con­tin­ues to grow, with Sony announc­ing a record 6.3 mil­lion units sold in the sec­ond quar­ter of 2022, exceed­ing the 2 mil­lion units from the same peri­od last year.

As a result, Sony expects cumu­la­tive PS5 sales for fis­cal 2022 to reach an impres­sive 19.1 mil­lion units, sur­pass­ing the ini­tial fore­cast of 18 mil­lion units.

While game sales and PlaySta­tion Net­work sub­scribers have seen a slight decline, Sony’s Gam­ing & Net­work Ser­vices Divi­sion sales have still increased sub­stan­tial­ly from 665 bil­lion yen to 1,730 bil­lion yen. How­ev­er, oper­at­ing income decreased due to exchange rate changes.

Sony remains opti­mistic about future growth, pro­ject­ing 7% high­er rev­enue for fis­cal 2023. The com­pa­ny also antic­i­pates increased hard­ware sales, includ­ing periph­er­als such as the upcom­ing PlaySta­tion VR2.

In addi­tion to gam­ing suc­cess, Sony’s chip/sensor and enter­tain­ment tech­nol­o­gy divi­sions have achieved strong results. Over­all, the com­pa­ny real­ized record sales of 11.5 tril­lion yen ($84.8 bil­lion) and prof­its of 1.21 tril­lion yen ($8.9 bil­lion) this year.

Sony’s accom­plish­ments have under­mined Microsoft, whose bid to merge with Activi­sion was recent­ly blocked by the UK on cloud gam­ing grounds. Microsoft claims it will chal­lenge the decision.

Opti­mistic about PlaySta­tion’s future, Sony con­tin­ues to boost rev­enue and prof­its through inno­v­a­tive hard­ware, soft­ware, ser­vices, chips and enter­tain­ment prod­ucts. With over 38 mil­lion PS5s sold, Sony is posi­tioned for fur­ther growth and con­tin­ued suc­cess in the glob­al gam­ing market.

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