In its recent earnings decline, Sony said so 3.3 million PlayStation 5 sold in this quarter, which is exactly the same as last year, bringing the total number of units sold since launch to 25 million. However, numbers this quarter are well short of what’s needed to meet its fiscal 2022 sales target of 18 million PS5s. Half-year revenue (ending March 31) is now 5.7 million, which is also close to where it was in 2021 at this point (5.6 million).
Despite selling the same number of PS5s, sales rose sharply by 12 percent year-on-year to 727 billion yen ($4.92 billion), thanks in part to a price hike for the PS5 earlier this year. However, profit fell 49 percent due to the company’s recent acquisition of Bungie as well as rising costs for game developers.
Sony sold 11.5 million consoles last year, so it’s a good bet that 2022 sales will be about the same. However, a lot depends on the holiday season and whether production can keep up with demand. That’s a problem that has plagued the PS5 since its arrival due to the pandemic and other issues. In May, Sony said it will finally be able to ramp up production to meet PS5 demand as supply chain issues ease. While there have been no numbers on this, it seems anecdotal that the console has been easier to find in recent months.