Despite initial shortages and high prices
Despite doom and gloom surrounding the console market, the PS5 is still trending around 8% ahead of the PS4 launch aligned in USA, despite its higher price point and pandemic-induced stock shortages. Given the challenges of the global economy, Sony will consider this a success.
Mat Piscatella confirmed the tidbit as part of a Q&A session on the sales-centric Install Base forum, where he added that the Xbox Series X|S is now tracking 11% behind the Xbox One in USA.
To balance the discussion, it must be stressed that higher prices have impacted the PS5 in Europe, where it’s selling slower than the PS4. It means that, overall, there’s a sense the console market has stagnated – especially following the obscene highs of the pandemic period.