Sony recently held a business briefing for investors where it painted an incredibly rosy picture of the PlayStation 5’s fortunes and its future outlook. Despite recent layoffs and failing to reach its sales goals for 2023 , the company seems confident that the console’s best days are still ahead. A lot of that assessment seems based on the prospects surrounding big games coming in the years ahead, as well as PlayStation’s ability to soak up ever greater spending from its most loyal players.
The market for PS5s might not be expanding, but the amount of money PS5 owners are willing to pour into the ecosystem certainly seems to be growing. Here’s a bunch of things we learned from the May 29 presentation by soon-to-be promoted co-CEOs Hermen Hulst and Hideaki Nishino. The PS5 might be trending slightly behind the PS4 in total lifetime sales globally (it’s ahead in the U.
S.), but Sony revealed that those who have upgraded are spending a lot. PS5 players have doled out $US731, on average, on the new platform, compared to $US580 for PS4 players at a similar period in the console cycle.
At the halfway point, revenue for the PS5 generation is $US106 billion in sales and $US10 billion in operating income (profit), which is roughly the same as what the PS4 achieved in its full seven-year life cycle. That success is due in part to the ongoing popularity of the older console. Roughly half the player base is still on PS4, though PS5 players play almost twice as many hours in aggr.
