PlayStation 5 Sales Drop 29% YoY, Expects a Continued Decline

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PlayStation 5 Sales Drop 29% YoY, Expects a Continued Decline

Sony has reported that its PlayStation 5 sales dropped 29% YoY in its latest financial report, selling a total of 20.8 million units in FY23.

The number is slightly below Sony’s previously revised estimations that the company would sell 21 million units. The company also expects console sales to decline, which would be the first time that PlayStation 5 sales fall below the previous year. Sony expects 18 million units to be sold in FY24.

Last year, Sony announced that the PlayStation 5 is entering its “later stages” of this generation. While the company’s sales approximations are not surprising, they do pose a ******* question about console m market growth. As of June 2022, the PlayStation 4 sold 117 million units, whereas the PlayStation 5 has sold 52.6 million as of now. Even with 18 million units sold for the next three years (when the PlayStation 6 is expected to be released), the numbers suggest that the console market isn’t growing.

In April 2024,

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also reported that its hardware sales were down by 31%.

What do you think of the PlayStation 5 sales and the console market as a whole? Let us know in the comments below.

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