PS5 Sales Touch 55 Million As Sony Breaks Revenue Records | Push Square
You may not be fully satisfied with how PlayStation is running its business right now, but Sony’s bringing home the big bucks all the same. The firm’s gaming division is printing cash, as it shipped a sturdy 8.2 million PS5 units throughout the three-month period ending 31st December, 2023. That’s an increase of 1.1 million year-over-year, and it puts the PS5’s lifetime sales at 54.8 million units to date.
The company enjoyed its greatest ever quarter by revenue, pulling in approximately ~$10.2 billion, although high costs are eating into its profit margins, meaning it managed just ~$608 million in operating income. While PlayStation is a money-making machine at the moment, its high expenses will be a cause for concern, as its business is basically on a knife-edge that could easily topple into the red.
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A decrease of four million units
Perhaps the big disappointment for Sony will be that it’s now unlikely to hit its 25 million units target for the PS5 by the end of March, as it’s shipped 16.4 million units so far this fiscal year, and would need to tack on another 8.6 million throughout the current quarter to do so. Consequently, the firm has set a new target of 21 million units instead.
It’s also lost a little pace on the PS4 launch aligned, which had an install base of 57.1 million units at this point in its lifecycle. Obviously, the PS5 had crippling stock shortages for its first few years on the market, though.
Still, while these things could all be seen as negatives, there’s no doubt the PS5 is doing unbelievably well, and it’s setup to have another big year with upcoming titles like Final Fantasy 7 Rebirth, Rise of the Ronin, and Stellar Blade. Do you think there’s anything else Sony should be doing to maintain this momentum? Let us know in the comments section below.
A true PlayStation veteran, Sammy's covered the world of PS gaming for years, with an enormous Trophy count to prove it. He also likes tennis games way more than you.
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