Gaming News The PS5 “in the last phase of its life cycle”, Sony PlayStation revises its forecasts downwards…
Published on 02/14/2024 at 5:35 p.m.
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Sony’s results are in, and if the company is still recording very good figures, it is forced to revise downwards its next estimates…
Sony is forced to lower its sales forecasts for its PlayStation 5; the Japanese giant declared that it now expected to sell 21 million units of PS5 in the current financial year compared to a previously estimated forecast of 25 million units. However, PS5 sales increased during the third quarter of the box, going from 6.3 million units during the same quarter of the previous year to 8.2 million. But Bloomberg notes that this figure is about a million units lower than previously predicted.
See the PS5 Slim on Amazon
The company reports record quarterly revenue in the December quarter. Sony sold 8.2 million units of PS5 during its third fiscal quarter (from October to December) and has sold 16.4 million units since the start of the fiscal year. Also note that Sony’s gaming division’s revenue rose 16% year-over-year to 1.4 trillion yen (around €8.7 billion) in the December quarter while operating profit fell 26% due to hardware promotions offered during the period and a drop in game sales first party. Sony also lowered its sales forecast for the company as a whole, to 12.3 trillion yen (around 76 million euros) from 12.4 trillion yen (around 76.9 million euros). euros). The company now hopes to maintain the momentum of its machine launched three years earlier and says it wants to focus on profitability rather than unit sales.
The PS5 will enter the last phase of its life cycle. As such, we will place greater emphasis on the balance between profitability and sales. This is why we expect the annual sales pace of PS5 to start declining from the next fiscal year. – Naomi Matsuoka, senior vice president of Sony
No big first-party game before 2025?
In parallel with these results, Sony indicates that it does not plan any release of major games from PlayStation franchises before April 2025 at the earliest. Vice President Hiroki Totoki explained that while major projects are currently in development, efforts will be focused on games as a service during the next financial year: “But although major projects are currently in development, During development, we do not anticipate releasing new titles from major existing franchises in the next fiscal year, such as God of War Ragnarok and Marvel’s Spider-Man 2. Although the cost burden associated with the acquisition will “In the next financial year, we expect first-party games profit to decline slightly compared to this financial year due to the impact of lower sales.”
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