Sony, which failed to meet sales targets last quarter, said it plans to prioritize profitability over unit sales as the PlayStation 5 approaches its fourth anniversary. Sony Senior Vice President Naomi Matsuoka said, “In the future, PS5 will enter the latter stages of its life cycle.'' “Therefore, we will place greater emphasis on the balance between profitability and sales. For this reason, we expect the annual sales pace of PS5 hardware to begin to decline from next fiscal year.” There are no plans to release any major existing franchise titles. The Verge reports: According to a report from Bloomberg, Sony expects sales of PS5 game consoles to decrease by 4 million units in fiscal 2023, which ends on March 31st, compared to previous expectations. This revision was made as part of today's third-quarter earnings announcement, with Sony lowering its PS5 sales forecast from 25 million units to 21 million units.
Sony sold 8.2 million PS5 units in the third quarter, up from 6.3 million a year earlier, but Bloomberg notes that this was about 1 million fewer units than previously expected. That's despite the release of a big first-party title, Spider-Man 2, strong sales of third-party titles, and the launch of his new, slimmer PS5 in November.
Sony's game revenue in the third quarter increased 16% year-on-year to 1.4 trillion yen (approximately $9.3 billion), but operating profit decreased 26% to 86.1 billion yen (approximately $572 billion) due to promotions. million dollars). In the third quarter ending December 31st.