PlayStation $70 price may negatively impact PS5 game unit sales

[cm2]

Read from tweaktown:

While PlayStation 5 hardware is on the rise with record-breaking console sales revenue, PlayStation users are actually buying far fewer games than they have before. Data from Sony and Activision offers a possible explanation on why this is happening.

Hardware is pulling in record numbers, and so is software...but overall game unit sales were down quite a bit for FY22, dropping to 264.2 million games sold, which represents a substantial 39 million drop in unit sales from a year ago.

An uptick in hardware can typically lead to increased game purchases, but we're seeing a reduction in game unit sales accompanying the meteoric rise of console adoption.

This trend indicates that PlayStation gamers are buying fewer titles, but spending more money on the games that they do buy. This is reflective of the higher $69.99 price tag associated with new PlayStation 5 games.

 

[Demon_Skeith]

Well having to pay 10 dollars more isn't helping, but there is a lot of other stuff going on like inflation and tons of people losing their jobs that isn't helping either.

 

[froggyboy604]

I feel inflation could be causing many people to buy fewer games. Many people may also be waiting for video games sales during the holidays to buy cheaper games for less than $70.

A lot of gamers bought a lot games which they haven't finished, so they may not feel the need to buy more games until they finish playing games they already own.

 

[Grungie]

A lot of necessities like groceries is getting more expensive, so games take a back seat.

Though I remember when games were $80.

 

[cm2]

Well having to pay 10 dollars more isn't helping, but there is a lot of other stuff going on like inflation and tons of people losing their jobs that isn't helping either.

I feel inflation could be causing many people to buy fewer games. Many people may also be waiting for video games sales during the holidays to buy cheaper games for less than $70.

A lot of gamers bought a lot games which they haven't finished, so they may not feel the need to buy more games until they finish playing games they already own.

A lot of necessities like groceries is getting more expensive, so games take a back seat.

Indeed.

And thus Sony needs to get the price back to $60!

 

[Artisan Vistra]

The economy is terrible in post-covid. People thought free money was a good idea until they are living paycheck to paycheck. Just buy indies on the Switch to get your money's worth, don't give in to already inflated prices just to play a license for a digital product that costs next to nothing to reproduce.

 

[Demon_Skeith]

Indeed.

And thus Sony needs to get the price back to $60!

To be fair, they got to pay their game makers a fair wage

 

[Artisan Vistra]

To be fair, they got to pay their game makers a fair wage

When it's supporting a want and not a need and the people working to provide needs get paid less.

 

[Demon_Skeith]

When it's supporting a want and not a need and the people working to provide needs get paid less.

*stares* Umm what?