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PlayStation 5 sales surpass 25 million, down 49% due to high prices.
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Sony today announced that global sales of the PlayStation 5 have surpassed the 25 million unit mark, during its latest quarterly earnings announcement for the current fiscal year.
According to statistics (via the Verge website), the Japanese company managed to sell 3.3 million units in the last three months, which ended on September 30. These are the same numbers that were recorded during the same period of the previous fiscal year.
This brings PlayStation 5 sales to 5.7 million units during the first half of fiscal 2022. It's still far from Sony's target of selling 18 million units by the end of the current fiscal year on March 31, 2023.
However, speaking on an earnings call Tuesday, Sony said PlayStation 5 sales are going according to plan and that it believes it can still hit its target of 18 million sales. The company said it manufactured 6.5 million units during the second quarter.
The statistics also revealed the numbers achieved by PlayStation during the last quarter, which saw a clear decline in the number of players, game sales and subscribers to its monthly PlayStation Plus service, where the numbers revealed were as follows:
- The number of PlayStation Plus subscribers is 45.4 million, down 4%.
- Game sales reached 62.5 million, down 18%.
- 102 million active users on PSN, down 2%.
Sony said the decline in game profits was due to increased development costs and recent acquisitions, including the purchase of developer Bungie, as well as the negative impact of foreign exchange rates, which reflects the higher proportion of costs in dollars.
The increase in gaming revenue was partly due to an expected increase in hardware sales due to recent price increases for PlayStation 5 hardware. While Sony's gaming and networking division revised its full-year forecast downward to 12%, indicating lower-than-expected third-party game sales.
Sony said it aims to ship 23 million PlayStation 5 units in its next fiscal year, which begins in April 2023, and sales of the device will surpass those of the PlayStation 4 during the same phase of its life cycle.
Sony also said last May that it sold 11.5 million PlayStation 5 units during the fiscal year ending in March 2022, missing the target it had previously set of 14.8 million units, justifying that it was due to a lack of connectors and manufacturing resources.