Read from tweaktown:
The PS5 just can't seem to catch up to the PS4. Sony today announced its Q3'FY23 earnings and gave an update on total PlayStation console sales. The company expected to sell 25 million consoles throughout FY23--an incredibly ambitious record-breaking number that would've made history for the PlayStation brand.
Sony has now downwardly adjusted this target to 21 million units following the console's holiday performance, when it was made clear that the company wouldn't achieve the lofty goal. Throughout the Holiday 2023 period, Sony shipped 8.2 million PlayStation 5 consoles, pushing total PS5 shipments to 54.8 million.
In the earnings video call with investors, Sony Interactive Entertainment CEO Hiroki Totoki also said that the PS5 is entering the latter stage of its lifecycle, and sales are expected to "gradually decline" throughout the next fiscal year (FY24).
Rumors suggest that Sony is planning to release a PlayStation 5 Pro model in 2024, however these plans seem iffy given the current sales miss, the economic conditions facing the video games industry, and Totoki's comments about lower PS5 shipments throughout the year.
The PS5 just can't seem to catch up to the PS4. Sony today announced its Q3'FY23 earnings and gave an update on total PlayStation console sales. The company expected to sell 25 million consoles throughout FY23--an incredibly ambitious record-breaking number that would've made history for the PlayStation brand.
Sony has now downwardly adjusted this target to 21 million units following the console's holiday performance, when it was made clear that the company wouldn't achieve the lofty goal. Throughout the Holiday 2023 period, Sony shipped 8.2 million PlayStation 5 consoles, pushing total PS5 shipments to 54.8 million.
In the earnings video call with investors, Sony Interactive Entertainment CEO Hiroki Totoki also said that the PS5 is entering the latter stage of its lifecycle, and sales are expected to "gradually decline" throughout the next fiscal year (FY24).
Rumors suggest that Sony is planning to release a PlayStation 5 Pro model in 2024, however these plans seem iffy given the current sales miss, the economic conditions facing the video games industry, and Totoki's comments about lower PS5 shipments throughout the year.
