Sony's latest quarterly fiscal report reveals that PlayStation 5 sales numbers have declined year-over-year. Although the PS5 has ranked high on global sales charts since its launch in late 2020, it seems the sales pace for the current-generation system has started to slow down.
During its February 2024 earnings call, Sony predicted the commercial drop-off and attributed it to the PS5 entering the latter stage of its lifecycle. This even led to the gaming giant scaling back its FY2025 (April 2024 to April 2025) sales forecast for the PS5 to 18 million units. For perspective, the PS5's initial FY2024 (April 2023 to April 2024) sales projection was a lofty 25 million units, which was later slashed to 21 million units. Interestingly, PS5 shipments for FY2024 still fell short of the reduced forecast by roughly 200,000 units, which likely encouraged Sony to set a more reasonable target for the current financial year.
A research firm estimates a substantial console sales lead for PS5 over Xbox Series X/S in the first calendar quarter of 2024.
Sony's Q1 FY2025 financial report has now been released, and it shows that...
