PS5 Sales Skyrocket But Software Is A Different Story

Sony has announced a huge increase in PS5 sales but also confirmed that sales of its software are causing concern.

In its latest round of figures, Sony says that it sold 6.3 million PS5 consoles during the quarter that ended in March 2023, a future that represents triple that of the same quarter the year prior.

That suggests that Sony is finally able to meet the huge demand that has continued to be pent up since the console’s 2020 release thanks in part to parts shortages caused by the COVID-19 pandemic and beyond.

Reuters reports that Sony expects to be able to ship as many as 25 million PS5 consoles during the current year.

However, when it comes to software, Sony has reportedly struggled to shift anywhere near the same number of games as it did the same quarter last year.

The delayed adoption of the PS5, which launched in late 2020 but has been limited by production challenges, is showing signs of hampering Sony’s ability to monetize the hardware through higher-margin software and subscriptions. Game sales in the latest quarter were down to 68 million units from 70.5 million in the same period a year earlier. The company reported operating profit of ¥128.5 billion.

Sony also confirmed that the number of active PSN users fell to 108 million from 112 million in the holiday water, although the number of PlayStation Plus users increased slightly to 47.4 million.

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