PS5 Sales Touch 55 Million As Sony Breaks Records

Image: Push Square

You may not be fully satisfied with how PlayStation is running its business right now, but there can be no doubt Sony knows what it’s doing. The firm’s gaming division is booming, shipping an impressive 8.2 million units throughout the three-month period ending 31st December, 2023. That’s an increase of 1.1 million year-over-year, and it puts the PS5’s lifetime sales at 54.8 million units to date.

The company enjoyed its greatest ever quarter by revenue, pulling in approximately ~$10.2 billion, although high costs are eating into its profit margins, meaning it managed just ~$608 million in operating income. While PlayStation is a money-making machine at the moment, its high expenses will be a cause for concern, as its business is basically on a knife-edge that could easily topple into the red.

Perhaps the big disappointment for Sony will be that it’s now unlikely to hit its 25 million units target for the PS5 by the end of March, as it’s shipped 16.4 million units so far this fiscal year, and would need to tack on another 8.6 million throughout the current quarter to do so. That would be higher than its holiday sales, and so it’s likely it’ll have to settle for a lower number when all’s said and done.

It’s also lost a little pace on the PS4 launch aligned, which had an install base of 57.1 million units at this point in its lifecycle. Obviously, the PS5 had crippling stock shortages for its first few years on the market, though.

Still, while these things could all be seen as negatives, there’s no doubt the PS5 is doing unbelievably well, and it’s setup to have another big year with upcoming titles like Final Fantasy 7 Rebirth, Rise of the Ronin, and Stellar Blade. Do you think there’s anything else Sony should be doing to maintain this momentum? Let us know in the comments section below.

[source sony.com]