Sony misses PS5 gross sales goal as console enters ‘latter stage of its life cycle’

The new PlayStation 5 slim and standard PlayStation 5 standing vertically side by side on a table.
The unique PS5 subsequent to final yr’s slimmer redesign. | Photograph by Antonio G. Di Benedetto / The Verge

Sony now expects to promote four million fewer PS5 consoles in its 2023 fiscal yr ending March 31st in comparison with earlier projections, Bloomberg studies. The revision got here as a part of at present’s third-quarter earnings launch which noticed Sony decrease the PS5 gross sales forecast from the 25 million consoles it anticipated to promote right down to 21 million.

Whereas PS5 gross sales have been up in Sony’s third quarter, growing to eight.2 million models from 6.three million in the identical quarter the earlier yr, Bloomberg notes that this was roughly 1,000,000 models decrease than it had beforehand projected. That’s regardless of the discharge of the massive first-party title Spider-Man 2, robust gross sales of third-party titles, and the launch of a brand new slimmer PS5 in November.

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