PS5 hits 21.7 million shipments and sales, but other areas see bigger decline

Generation When?

Sony has released its financial results for the fiscal year ending June 31, 2022 (Q1 2022), and while the PlayStation 5 platform continues to pick up slight momentum globally, overall, the brand is seeing an overall decline. in customer spending, particularly in the realm of software and subscriptions.

The mighty PS5 has now reached an impressive 21.7 million global shipments since its launch in fall 2020, with around 2.4 million consoles shipping in the first quarter. While this number is certainly nothing to sneeze at, it reflects increasingly granular sales growth compared to previous releases of the company’s PlayStation hardware. Still, the numbers are moving in the right direction, albeit a bit more slowly than Sony expected.

However, in the realm of software, accessories, and subscriptions, a different story is told. PS4 and PS5 game sales totaled 47.1 million units last quarter, down nearly 17 million year-over-year. This is particularly notable given that in 2022 many of the industry’s biggest hits were released atypically earlier this year, so one would assume the numbers would be up over previous years. 79% of all game sales were digital, an increase of 8% from the previous quarter.

PlayStation is still trying to recover lost subscribers to its popular PlayStation Plus service. The last quarter of 2021 saw the service decline in users for the first time in many years, and although the last quarter did not Quite recovery, has seen an increase, now sitting at around 47.3 million users. Of course, SIE has just launched its revamped PlayStation Plus service, so it will be interesting to see how this affects the user base over the next quarter.

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Overall, this isn’t a sign that PlayStation is in jeopardy – we’re still talking revenue in the millions and millions – but it’s a sign that the latest generation of gaming continues to struggle to find a solid foothold. The ongoing COVID-19 pandemic, rising cost of living, resellers, production issues, component shortages, and general human apathy all play a role in the ongoing malaise of the gaming industry, affecting players. developers, publishers and manufacturers.

Chris Moyse

Senior Editor: Chris has been playing video games since the 1980s. Former Master of Saturday Night Slam. Graduated from Galaxy High with honors. Twitter: @ChrisxMoyse

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