Despite doom and gloom surrounding the console market, the PS5 is still trending around 8% ahead of the PS4 launch aligned in USA, despite its higher price point and pandemic-induced stock shortages. Given the challenges of the global economy, Sony will consider this a success.
Mat Piscatella confirmed the tidbit as part of a Q&A session on the sales-centric Install Base forum, where he added that the Xbox Series X|S is now tracking 11% behind the Xbox One in USA.
To balance the discussion, it must be stressed that higher prices have impacted the PS5 in Europe, where it’s selling slower than the PS4. It means that, overall, there’s a sense the console market has stagnated – especially following the obscene highs of the pandemic period.
77.7 million PS5 games sold
But it’s worth remembering that Sony is now extracting more money from each individual consumer, by offering a strong slate of subscription services and a wider spread of accessories. Devices like the PS Portal, which have exceeded expectations, are generating significant revenue for the format holder – and we’re yet to really see the impact of the PS5 Pro either.
That’s not to say everything is smooth sailing for PlayStation, though. With software becoming more ubiquitous across all platforms and devices, the manufacturer is really going to have to work hard to create a unique selling point for future hardware, like the PS6.
As the Editor of Push Square, Sammy has over 15 years of experience analysing the world of PlayStation, from PS3 through PS5 and everything in between. He’s an expert on PS Studios and industry matters, as well as sports games and simulators. He also enjoys RPGs when he has the time to dedicate to them, and is a bit of a gacha whale.
And this is why I don't buy the doom and gloom around Sony that some users here try and push.
Also the Series trailing behind the Xbox One which everyone deemed a massive failure is not a good look. Buying the biggest publishers, going all out with
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