Sony Reports Flat PS5 Console and Software Sales But PS+ is Up

"Sony hasn't adjusted its 2022 target"

PS5 out of warranty replacement South Africa Partserve
Sony Reports Flat PS5 Console and Software Sales But PS+ is Up

Sony’s new financial results show that PS5 console and software sales are on a flat path. The latest numbers, which cover the past three months ending on 30 June, show that Sony only managed to sell 2.4 million PS5 consoles up from the 2.3 million it managed to sell during the same time last year.

Sony originally set a target to sell 18 million consoles during its 2021-2022 fiscal year. In comparison, in 2020-2021, the company set a target of 11.5 million. Sony successfully beat this number. This means that Sony would now have to sell a remaining 15.7 million units to hit its target for this year. Considering they only moved 2.4 million consoles in the past three months, this is going to be a tough challenge.

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Sony has not revised its annual console targets for the year following the latest report. However, the company admittedly said it does not expect to sell the same number of first-party games this year as it did last year. This will end up impacting its bottom line.

Software sales are also looking flat. Sony reported an 11% drop in Game and Network Services compared to its Q1 2021 report. The company moved 47.1 million PS5 and PS5 games in Q1 2022 compared to 63.6 million in Q1 2021.

As for PlayStation Plus memberships, this number is up by one million to 47.3 million members. It did drop by 100,000 in comparison to Q4 2021 but the increase compared to last year’s report is clear. Sony hasn’t shared a breakdown on how well its new PlayStation Plus membership tiers are doing. This will most likely be announced during its next financial quarter update.

PS5 sales are now sitting on 21.7 million units since its launch back in 2020.

Source: Sony

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