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Financial results for Sony were recently published, revealing that the PlayStation 5 has reached a significant sales milestone. The information, pertaining to the Second Quarter of 2022, provided further details as to how the PlayStation 5 is performing relative to the PlayStation 4, as well as figures regarding software and subscription sales.
October was a rather eventful month for the PS5, which saw a minor software update, indications of an upcoming dedicated Discord integration, and a successful attempt to jailbreak the console. Furthermore, the console has been embroiled in the ongoing debate between Sony and Microsoft regarding the latter's acquisition of Activision Blizzard. Recent statements from Phil Spencer suggest that the Call of Duty franchise will not be leaving PlayStation any time soon, welcome news for the console.
As summarized by VGChartz, Sony has distributed 25 million PS5 consoles as of September 30 this year. There were 3.3 million sales of the console from July to September, which is the same figure as for the same period last year. Sony has a target of 18 million for this fiscal year, which is unlikely to come to fruition with only 5.7 million sales making up the first half of this financial period. Interestingly, this value is marginally higher than 2021s 5.6 million, suggesting that demand for the console is not slowing down. Relative to the PS4, which shipped 4 million units in the same quarter, the PS5 is behind the cumulative total of 29.4 million by 4.4 million units.
Despite similar figures for sales, revenue increased by 12%, due in part to certain regions having seen a price increase. Profit was down considerably, however, given Sony's acquisition of Destiny developer Bungie for $3.6 billion. Furthermore, PlayStation 5 and 4 recorded a total of 62.5 million games sold, which is 13.9 million lower than last year. Sony will no doubt hope that the upcoming God of War Ragnarok will aid in driving those numbers up.
Although 2022 sales can be expected to perform as the year before, much of that hinges on how well Sony can satiate demand. The pandemic, chip shortages, and troubled shipping routes have made the PS5 a rare up until now, when finally production seems to be ramping up and able to meet the evident demand. With the holiday season around the corner, a long-anticipated exclusive release, and a 2023 brimming with potential sales machines, Sony would be very wise to ensure a consistent stream of PS5 consoles.
Source: VGChartz