Posted 2/14/2024, 3:00:00 PM
Sony Pauses Major Franchise Releases For PS5 As Hardware Sales Set to Decline
- Sony does not plan to release any major new games from existing franchises in fiscal year 2024 (April 2024 - March 2025)
- This means no new releases on the scale of recent hits like God of War Ragnarök or Marvel's Spider-Man 2
- Sony is forecasting a gradual decline in PS5 hardware sales from fiscal year 2024 onwards as the console enters the latter half of its lifecycle
- Third-party software sales are still expected to grow due to the expanding PS5 install base and engaged users
- The PS5 has sold very well so far, shipping over 54.8 million units since launch in 2020