Despite declining sales of PlayStation 5 consoles, Sony shows revenue growth in the gaming segment thanks to increased revenue from software and network services.
Successes and challenges of Sony
PlayStation 5 sales
Sony achieved an impressive result, selling more than 61 million PlayStation 5 game consoles. However, in the last quarter there was a significant decline in sales: 2.4 million units were sold, which is 32% less than in the same period last year and 47% less than in the previous quarter.
Gaming revenue growth
Despite falling console sales, Sony's gaming division showed total revenue growth of 12% YoY calculus, which led to an increase in profits by a third. This success is driven by two key factors: software revenue grew by 18%, and revenue from online services, primarily PlayStation Plus, increased by a quarter.
PlayStation Network Audience
While Sony doesn't reveal the exact number of PlayStation Plus subscribers, the company does report monthly active audience for PlayStation Network. The figure has now reached 116 million users, up 8 million from a year ago but slightly down from 118 million in the previous quarter.
Gaming Market Paradoxes
It's interesting to note that the number of games sold actually decreased by 5% compared to last year. The growth in revenues and profits can be explained by higher prices for gaming products. During the reporting period, Sony released an exclusive for PS5 - the game Stellar Blade, which sold a million copies by the end of June.
Console Market Competition
Compared to its competitors, Nintendo sold 2.1 million Switch consoles during the same period. Even though Sony is selling more units of the PS5, the Switch isn't that far behind considering this is the console's seventh year of release.
Glossary
- PlayStation 5 (PS5) is a fifth-generation gaming console from Sony, released in 2020.
- Nintendo Switch is a hybrid gaming console from the Japanese company Nintendo, released in 2017.
- PlayStation Plus is a paid subscription for PlayStation users that provides access to online multiplayer and free games.
- Stellar Blade is a PlayStation 5 exclusive game developed by ShiftUp and released in 2024.
- PlayStation Network (PSN) is an online service for users of PlayStation gaming systems.
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Answers to questions
How have PlayStation 5 sales changed in the last quarter?
What drove Sony's gaming revenue growth?
What is the current number of active PlayStation Network users?
How did Stellar Blade perform?
How do PlayStation 5 sales compare to the Nintendo Switch console?
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Discussion of the topic – PlayStation 5: Record sales and unexpected challenges for Sony
Sony has sold more than 61 million PlayStation 5 consoles but has seen hardware sales fall by 32%. The company's latest financial report reveals sales details and current trends in the gaming console market.
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Giovanni
It's amazing how the PlayStation 5 is still going strong despite declining sales. 61 million consoles is impressive! 🎮 I wonder how long they can maintain this level?
Amelie
Giovanni, I agree! But I'm more impressed by the 12% growth in gaming revenue. It looks like Sony has found a goldmine in digital sales and subscriptions. PS Plus is clearly paying off! 💰
Hans
Yes, Amelie, PS Plus is the future. 25% revenue growth speaks for itself. But I'm surprised that the number of games sold has decreased. Are people playing free games more, or are they simply playing games they've already purchased for longer? 🤔
Isabella
Hans, maybe it's a matter of increasing prices for games. People buy less but pay more. By the way, has anyone played Stellar Blade? A million copies in such a short time is a success! 🌟
Clive
Blah blah blah, more numbers and boasting. PlayStation, Xbox, Switch - what's the difference? All these consoles are a waste of time and money. It would be better to read a book or go to the park than to play with these toys of yours. 😒
Sophia
Clive, don't be such a grump! Games are not only entertainment, but also art and a way of communication. As for the Switch, it's amazing how Nintendo manages to compete with such an outdated console! 🏆
Pablo
Sophia is right! I recently bought a PS5 and don’t regret it. And Stellar Blade is simply amazing! Graphics, plot - everything is top notch. Although a little expensive, of course. But it's worth it! 😍
Giovanni
Pablo, glad you like it! What do you think about the future of PlayStation? Will Sony be able to maintain its lead or will Nintendo and Microsoft catch up? 🏁