Sony has shipped 21.7 million PS5 systems to retailers as of 31st June 2022, the firm confirmed in its financial results for Q1 of fiscal year 2022. 2.4 million consoles were shipped during that three-month period, which represents a slight increase of 100,000 across the same period for the previous fiscal year. In terms of overall profit, Sony has lowered its projected forecast by $0.4 billion due "to an expected decrease in sales of first-party titles".
At the end of its previous fiscal year, Sony predicted it would sell through 18 million machines by May 2023. In order to achieve this, sales of the console will have to pick up considerably across the next three quarters. Although, it is noted that PS5 Stock is expected to become more widely available in the coming months.
Elsewhere, sales of PS5, PS4 software reached 47.1 million, which is a significant drop compared to the 63.6 million units sold in the same quarter for fiscal year 2021. 6.4 million of those copies were first-party games from Sony — a drop of 4.1 million compared to the same three months last time out. There's good news for digital connoisseurs, though, with a whopping 79 per cent of all game purchases being for the digital version over the physical edition.
Finally, PS Plus has gained another million subscribers to bring the total up to 47.3 million. Since the new tiers PS Plus Extra and PS Plus Premium launched partway through this quarter, it is difficult to judge whether they had much of an impact on the increase in members.
[source sony.com, via gematsu.com, engadget.com]
Comments 37
Another strong quarter given the stock challenges. How much had PS4 sold at the same point in its lifetime?
Playstation is doing pretty well, it's scary to think how well they would be doing without chip shortages
@Rob3008 As of June 30, 2015 PS4 had sold 25.3 million consoles. Source: VG Sales
@uptownsoul Unless my maths is wrong (highly possible) PS5 is up around 4%. (2.4 -> 2.5 million). I wouldn't read too much into either figure tbh.
Looks like were starting to see a few more consoles kicking about. They usually have the disk version in my local GAME as of late. Was like gold dust 6 months ago.
The decrease in 1st party sales is to be expected given there were more 1st party games released back then. For Q1 2021 there was:
Meanwhile for Q1 2022 there was:
As for the forecast drop, I'd guess it's something to do with The Last of Us Part 1. The constant negativity surrounding it and the price point makes me think it'll underperform on PS5.
Nice to see stuff like hardware sales doing well though.
@uptownsoul Xbox revenue being down makes sense. They have a far far cheaper and more widely available model.
Whereas the PS5 is pushing out the more expensive model over it's not as cheap, cheaper model.
So higher revenue.
@uptownsoul Just wondering where are you getting the Sony hardware revenue figures from? I don't see that itemised on the Q1 2022 financials PDF.
But again I reiterate I wouldn't read too much into it or Xbox's figures. You can always cherry pick and figures to show one company or other doing well or not so well. Case in point Sony's Gaming and Network services operating income dropped from 83.3 Bn Yen in Q1 2021 to 52.8 Bn Yen Q1 2022 a massive 37% drop. Does that mean they are struggling? Not at all. Need to look at the broader picture, both consoles are currently selling just fine considering the titles available.
@uptownsoul No one directly but you were comparing Xbox to Playstation hardware revenue, which invites the fanboys and their lame agendas in.
Was just pre-empting that fanboy guff. It's never a completely apples to apples comparison as different titles, or no first party titles in Xbox's case, release making comparing quarterly earnings reports fairly useless across platforms... or even on the same platform year on year as @Grumblevolcano rightly said. It's more important to understand WHY the figures might have changed.
Nearly 80% of gamers happy to license there games rather than own them 👀
Jokes of course, as a collector I will always buy physical but I do worry without collectors/special editions the writing could be on the wall 😢 I hope not!
PlayStation is king I never doubt them.
I’m all digital with my digital PS5
It’s a bit harsh price wise sometime but it was my choice.
All digital with music and movies as well.
Even be car with my usb stick.
Not a hard media device in my house or anywhere.
I think it’s fast and nice and brilliant.
PS, well done Sony and well deserved especially when releasing top end AAA games, when all other studios around seem to be failing releasing top end AAA games in 2022.
@Mostik I like being able to sell my games again after I complete them too, another benefit digital doesn't have.
@uptownsoul No?
It shows that Xbox, as we see in monthyl reports, is selling plenty of cheaper Series S consoles that will therefore generate less revenue.
A £250 console that sells 100,000 units will generate less revenue than a console at £350 that sells 100,000 units.
Revenue is not profit, nor fully indicative of demand.
Heck, PS5 Hardware generates more dollar sales than Switch and Xbox hardware on the regular. But it doesnt generate the most unit sales.
@Perturbator
Usually cheaper new or used. Easier to install/delete. Keep them forever or share them even with no internet. And you can smell them 👃🏻😅
@Mostik It's one of the few potentially good things NFTs could be used for in gaming. Buy a game in a store and get the NFT that you can keep as proof of ownership. You could also sell it on later.
Or they could just go the GoG route and give us installer files that we can back up as many times as we want.
In a perfect world, of course...
Ps5 physical disc all the way.all ps5 digital is horrible.i wouldn't even pay 100$ for it. im old school.so i l💖ve a ps5 physical disc.and good on sony for the increasing sales.the more its available the more its going to selling like hotcakes.playstation the g.o.a.t 🐐. 👑. Word up son
@UltimateOtaku91 Scary? Without PS5 shortages, it would have been sold pretty much the same as PS4, I guess. Maybe a bit worse, because with a PS4 you can still play almost every new game nowadays, which was quite different with PS3 if I recall correctly.
I have started my PS5 journey by purchasing my first three PS5 games (Kao the Kangaroo, The Smurfs Mission Vileaf, Instant Sports +) in physical 4 weeks ago.
I collected the games first while waiting for cheaper price of PS5 machine.
I'm both physical and digital. Typically physical for new releases and then I sell. I rarely keep physical games anymore. Often you can pick a game up for £45 - £60 brand new and then sell it for £35 - £50 2 - 4 weeks later keeping this hobby far more affordable.
Digitally I usually buy AAA in sales or indies, occasionally even rebuying the same games I sold in step 1 if I feel like playing them again years later.
@Perturbator Yeah I agree whilst don't sell my games I like to pick up some cheaper that I didn't want day 1 and I quite enjoy going to CEX or Game and seeing the used titles. One day it is going to be like going to a vinyl shop they will be so rare which is a real shame.
@Shepherd_Tallon I see your point and it is hard to argue I suppose if we can keep the game and sell the NFT that could be perfect, like you say a perfect world and all! I would rather have a collectors edition with a nice real life statue I can admire and the Mrs can laugh at me for 😂
I wonder, do they count 'free' psplus games as sold?
Cause if they do, yeah i buy more digital.
@Mostik I'm blessed - My missus also loves the collectible statues 😂
Although when I was considering getting the prime1studios Jill Valentine the other day she looked very disappointed 😅
I was only considering it...
@Shepherd_Tallon
Whatever you wish to achieve, there is always a better option than nfts. I dont need or require nfts to prove ownership of all the other digital media I own, and theres absolutely no need for them to register games ownership.
@Titntin NFTs were designed for a pragmatic purpose. They were supposed to be implemented in to things like unique IDs such as passports.
Sadly capitalism did as capitalism does, and some money hungry types ruined the concept for everyone, as we now know.
Because of this the mere utterance of the letters N F T in that order will always make us cringe.
But they could still be used in constructive ways like proof of digital ownership. Of course a code and some better consumer protection laws could just do the same job, but it's the same idea.
Nice only behind the "almighty" switch by about a million in the same time period. And that's with stock shortages the switch did not have as severe of especially in the 2nd year
@Shepherd_Tallon
I would suggest you might need further info on what nfts are and why they exist. They exist on the blockchain to provide tradable commodities to seek profits, there is a wealth of good information all over the net on what this tech is and why it exists.
To suggest that somehow it can be innocently used just as proof of ownership, shows a fundemental misunderstanding of what nfts are for, and such ignorance is dangerous.
Incidently, while we are here, minecrafts recent blog on the issues with nfts was incredibly uplifting to see. If you have any interest in such things, please read this fantastic blog post:
https://www.minecraft.net/en-us/article/minecraft-and-nfts
@JJ2 A fellow new game smeller? I love unwrapping a game and sniffing inside the case lol.
@Titntin Well I thought the "in a perfect world" part might cover how unrealistic I felt my own suggestion was.
I'll get my coat.
@Shepherd_Tallon It is a great statue to be fair, I like the Harley Quinn one. You are blessed my friend, whilst I wouldn't swap my Mrs for the world she hasn't got a clue when it comes to gaming 🤦♂️
@Mostik The God of War and Casca statues are the two I keep going back to and crying over. And the Aloy one too actually.
With mine, the first day we met she was talking about Stargate. I thought, "I'm in rouble here."
The second day she was talking about Zelda.
I knew I was fecked.
Try getting your other half to play Overcooked with you some evening 😂
@Shepherd_Tallon Awesome, I had a T Shirt with a couple of AT-AT's on it and one day the Mrs asked why I had a T shirt with robot dogs on it🤦♂️
I thought about getting her to join me with something like The Quarry (slow simple and like a movie) but honestly she can't even use the Dual Sense for Netflix so what chance have I got 😂
@Grumblevolcano the fact that you forgot Horizon Forbidden West says a lot.
@Mostik Ah bless 😂
Well nothing but happiness to you both anyway.
'There's good news for digital connoisseurs' is an interesting line, suggests a desire to see physical media gone for everybody for some reason.
@Old-Red Horizon Forbidden West released in Q4 2021 (January - March 2022), the fiscal year for Sony begins in April.
I would check Target stores online every weekend in your area up to 50 miles as i just bought one from Target a few weeks ago for my son and just bought another for me today from Target online. Just have to pick it up which to me is safer than it being shipped.
Love it when gamers shuffle out of their arse prints to become chatboard bankers and stock investors. I reckon it happens about once a month these days. Always entertaining reads.
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