PS5 hits 61m as Sony’s year-on-year Q1 hardware sales fall but operating income rises

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PS5 hits 61m as Sony’s year-on-year Q1 hardware sales fall but operating income rises

PlayStation 5 has now passed 61 million units sold, despite having a relatively quiet three-month *******.

In Sony‘s latest financial results covering the Q1 ******* for its financial year 2024 (the ******* between April 1 and June 30), the company says 2.4 million PS5 consoles were sold.

This is down on the 3.3 million PS5 consoles sold during the Q1 ******* last year, but nevertheless brings the total number of PS5 sales to date up to 61.7 million.

The results were generally positive for Sony’s gaming division overall, with Q1 sales in the ‘Games & Network Services’ segment up 12% year-on-year and operating income up 32% (from ¥49.2b / $335m up to ¥65.2b / $443m).

In its summary, Sony attributes the year-on-year increase to the impact of foreign exhange rates, the increase in sales of first-party game software titles and the “increase in sales from network services, mainly PlayStation Plus”.

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However, it does acknowledge a “decrease in sales of hardware due to a decrease in unit sales”.

As a result of its Q1 figures, Sony has revised its forecast for the gaming division for its financial year 2024 (April 2024 – March 2025), adjusting its sales and operating income forecasts up by 3%.

More to follow…