PS5 Supply Increasing Holiday Seaosn Sony

PS5 Sales Skyrocket as Global Stock Improves

Sony is once again selling PS5 consoles like hotcakes thanks to the company’s hard work in elevating stock constraints on the hardware. Since its launch back in 2020, the PS5 console has been hard to find with a few dozen consoles released at retailers every few weeks. However, earlier this week Sony announced that it would now be easier to find PS5 consoles and the company wasn’t lying. Stock is readily available at most retailers.

As a result, Sony has now shipped 32 million consoles worldwide since its launch in 2020. 7.1 million PlayStation 5 consoles were sold in the last three months of last year. This was an 83% increase compared to 2021.

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Sony is also confident that the company will keep up with the demand. So much so that it has raised its sales forecast by another 6.2 million consoles. Sony originally targeted to sell 13 million units by 31 March this year. However, the company now says it will hopefully, achieve a target of 19 million units instead. This is thanks to the increased supply worldwide. Keep in mind that Sony is also releasing its PS VR2 unit this month. This will likely increase the demand for the console too.

Another dip that took place across the brand was the monthly PlayStation Plus active users. However, Sony says that number is increasing again with 10 million more people using their PlayStation online this quarter. This number is sitting at 112 million now.

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PlayStation Plus numbers are also up. Sony says last year the max user count sat at 45.5 million members. That number is now at 46.6 million. At its peak during the covid-19 pandemic, Sony was sitting with 48 million active subscribers. The company hopes to get back to that number despite the pandemic being over. Operating revenue for the PlayStation Plus division has also increased. This is likely due to the launch of Sony’s new tiered PlayStation Plus service.

The bump in sales and active users is great news for Sony. Most of the spikes likely come from the launch of its PlayStation Plus service last year as well as the release of God of War Ragnarok. The game has sold 11 million copies since its release in November. 5.1 million units were sold during its launch week.

Source: Sony Investor Call

Marco is the owner and founder of GLITCHED. South Africa’s largest gaming and pop culture website. GLITCHED quickly established itself with tech and gaming enthusiasts with on-point opinions, quick coverage of breaking events and unbiased reviews across its website, social platforms, and YouTube channel.

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