Posted 2/14/2024, 9:18:17 AM
Sony Lowers PS5 Sales Outlook Despite Record Holiday Console Sales
- Sony lowered PS5 sales forecast for 2023 to 21M units, down from 25M, despite record quarterly revenue and 8.2M PS5s sold over holidays
- So far this fiscal year, Sony has sold 16.4M PS5s, bringing total to 54.8M overall
- Revenue up 16% over last year thanks to improved non-first-party title sales, but operating income down 26% due to drop in first-party sales and hardware promotion losses
- Forecasting just 4.6M PS5 sales for Q4 2023, down from 6.3M in Q4 2022
- Spider-Man 2 has sold 10M units since October 2023 release; almost all other Sony divisions saw higher revenue, resulting in record $24.9B Q3 revenue