Sony States PS5 Sales Could Overtake PS4 by 2024

gamerant.com:

First announced back in 2020, the PlayStation 5 and Xbox Series X/S immediately seemed to be impressive consoles that would push gaming into a new generation. However, many fans were unable to see whether those impressions were true, due to stock shortages and scalpers buying up many of the consoles that were on sale. Even nearly two years on, the Xbox Series and PlayStation 5 is still difficult to purchase for some gamers, leading many to wonder when these hardware shortages and supply issues will end.

Intel's CEO believes the global chip shortages will last until 2024, and it seems that Sony may share that belief. In its recent financial earnings report, the PlayStation platform owner outlined that the PS5 should see the end of its shortage problems by 2024. On top of that, Sony shared the projection that the PlayStation 4 will be outsold by its successor by 2024 as well, as the company predicts that when the shortages end, gamers will be buying the latest console en masse.

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It is no mean feat to outsell the PlayStation 4, which is currently the fourth best-selling video game console of all time. The PlayStation 5, on the other hand, doesn't even break the top 20 of that list. It is important to note that Sony doesn't expect the PS5 breaking the lifetime sales record of the PS4, at least not immediately, but the company does want its newer console to be bought more than the older model. Considering that the Xbox Series S recently outsold the PS5 in Japan, it seems there would need to be a significant increase in the sales figures of Sony's console for that to happen.

However, Sony may have a strategy to boost the sales figures of the PlayStation 5 so that it can outmatch its