Sony confirmed in its Q2 fiscal year 2022 results that it has now shipped 25 million PS5 consoles as of 30th September 2022. Shipments covering the previous quarter reached 3.3 million, which matches the same period of Sony's previous fiscal year. That brings this year's total to 5.7 million consoles shipped, but with Sony targeting 18 million shipments by the end of the fiscal year, things will need to pick up considerably across the final two quarters to meet that goal.
Despite shipments falling well short of its projections, Sony still appears confident of hitting its 18 million target by May 2023. It said 6.5 million PS5 consoles were produced during the Q2 quarter.
Elsewhere, combined sales of PS5 and PS4 software are down by roughly 14 million compared to the same period during the last fiscal year, with 62.5 million units sold to consumers during the latest three-month window. Profit recorded by Sony's Game & Network Services division also decreased by 49 per cent over the quarter, which it attributes to an increase in game development and the cost of studio acquisitions. Sony completed the purchase of Bungie during this period. The division has now lowered its yearly forecast by 12 per cent due to lower-than-expected sales of third-party titles.
[source sony.com]
Comments 37
It’s simple they need to make more and get them into shops.
Still a shortage overall in the UK at most major chains.
It sort of comes and goes, maybe some for a week then nothing for two weeks and so on.
I'm likely being stupid, but I feel like their math doesn't add up.
Can't sell 18 million consoles if you only made 6.5 million...
Sales of 720.7 bn Yen wow! That's a new high bar, more than in Q2 2021 (645.4) & 2020 (506.6). Which considering we were locked down and gaming was at an all time high is impressive.
Gaming continues to grow in some areas and hasn't snapped back to pre-pandemic levels as many expected.
Gonna be honest did expect better from Sony from a manufacturing point of view and obtaining chip supplies etc. Considering they are a major electronics manufacturer and most of those chips are supplied from the Asian market.
I have noticed in the UK Japanese cars seem more available than other makes of car outside of Japan, which leads me to believe they are obtaining chips easier. And why wouldn’t Japan see to itself first and keep up its exports GPD.
Meant Japans own GDP.
@Neonix
I have solved the issue.
Sony need to buy all the series x laying around.
Strip the chips out they require and make some more PS5 😂
@hhrrsn They produced 6.5m units in Q2. Their annual sales target for the full year is 18m.
@Dezzy70 its still the 4th? fastest selling console. even with chip issues.
seems too that people prepared to wait to get it as xbox is widely available
Every store near me including gamestop and target have had ps5s in stock for at least a month. Glad the shortage ended in my area at least. Last month was the first time i seen multiple in stock with no one around them. It is a 2 year old console soon. Getting old
@stvevan
Not wanting to hate on Xbox.
But they got what they deserved, that’s all I’m saying.
Additionally PS+ Subscriptions are down from 47.3million to 45.4 million. (3rd consecutive quarter they have dropped) but revenue from Network and services is up from 100bn yen to 117bn yen suggesting they have slightly less subscribers but spending more money on those services. Will be interested to see how this changes in later quarters as we see how the new PS+ has changed things.
Profit is down significantly (42.1 bn yen) to lowest level since Q2 2016 but hardly surprising with increase in costs as with every industry right now.
Put the thing in physical shops already! At this point there’s no reason it’s still only available online.
Only place I've seen one is in CEX and they want almost £600 for a boxed one! Feel ever more less inclined to try and find one.
Let's hope that next year's redesign a) doesn't look as hideous as the first iteration, b) is available in decent numbers and c) has some decent PS5 only games out for it as the current batch are very poor to say the least.
The continued drop in ps plus subscribers is concerning aswell
@Sakai I mean the offering in the new Tiers is pretty abyssmal lol. Almost no Day1 launches just looks rly bad in comparsion to Gamepass. Save to say the re-launch flopped if they are already loosing Subs shortly after launch
@sanderson72 nothing wrong with design. Plenty of excellent ps5 games
@Dezzy70 the soc in the ps5 is from AMD manufactured by TSMC which is Taiwan...I don't really know why they would give anyone other than apple preferential treatment as everyone is using tsmc chips now including nvidia,apple,Intel,xbox,amd and the list goes on and on
@Sakai sony at 45mil, so at saturation point probably, xbox at 30mil and growth slowing.
cost of living issues, as subs lap, some wont renew.
@sanderson72 That’s almost a bargain tbh - my local CEX sell their used ones for £750!
@sanderson72 Argos in the UK has stock of all PS5 bundles
In terms of software sales I'm cutting down on buying games as a lot are graphically pretty but lack the longevity as only 15-20 hours for $/£70 pricetag., lot of remasters etc hardly any games companies taking risks. Valkyrie elysium was poor, boring missions of beating up enemies , slightly different palette color etc but same enemies . Plus the fact a lot of games have been delayed to 2023 also have no interest in the subscription model as I don't game enough to be worth it as games rotate every 3-4 months plus hard drive space though ii do have 2 ssd on ps5 main drive and second 2tb nvme still doesn't last long
@Widey85 No they don’t, they have zero in stock. They let you add to your basket but if you try to check out it will say not available for delivery, not available for collection.
I found my first PS5 in the wild this week. I live in a metro area so there’s high demand here. I didn’t find it where I live. I’m visiting my mother in another state in a small rural town and I went to the local Target and saw 6. 6! Just sitting in a case. I couldn’t believe it. I’ve found none online since launch and none in person. I’ve seen Series X/S but not PS5s.
I bought 2. Horizon Forbidden West, a controller, and a charger. I’ll probably never see one again.
@IonMagi yes game pass the greatest thing on earth.
https://www.vgchartz.com/article/455309/xbox-game-pass-missed-internal-growth-target-for-two-straight-years/
This article makes it’s sound like Sony is in bad shape lol when over on resetera people are actually surprised how well Sony did this quarter. I mean it set a all time revenue record for a Q2 yet no mention in this article because that would be positive and against their negative bent
@ChrisDeku @Widey85 Yes Argos' order system does seem a bit useless. Plus, the PS bundles at the moment appear to be FIFA (not interested) and COD (definitely not interested) - not going to pay over the odds for a bundle I don't want.
ShopTo are normally better but their only bundles are FIFA(£540), FIFA + controller (£600) and FIFA + COD (£593) - not helped by Sony taking the pee with the extra £30 for the UK price.
PS5 solus plus another controller might be of interest but they never seem to be in stock.
@Razrye888 Everyone to their own I suppose but I'm not a fan of the molten tower of lard look.
I was more referencing PS5 exclusives, i.e. games you can't get on the PS4, and there aren't that many and don't seem exactly stellar.
@zebric21 Well GP still grew 25%, PS+ lost Subs
@hhrrsn says 6.5 million were made in the second quarter. Meaning production has picked up.
@IonMagi Yet, ps+ increased revenue despite losing subscribers. Microsoft is playing a whole different game. They do not have the excellent gaming pipeline that Sony has. They are in the business of getting as many titles on gamepass as possible whereas Sonys sole focus is on creating blockbuster AAA games.
Unless they sell 10 millions the next quarter I don't see them shipping 18 millions by the end of March which is when their fiscal year ends. I think they know what they are doing and with God of War releasing next week they want this quarter to be memorable. And with Spiderman and Wolverine on the horizon they'll be in great shape
@IonMagi GP 30M, PS 45m. people keep saying gp best thing since sliced bread.
why so low when its practically free?
At least it's getting better. I saw one at Wal-Mart last week. If retailers are able to get units in, that's a pretty good sign.
I am unsure if this is possible. I live in a major city in the US and yet obtained a PS5 during a visit to Brazil and even they had a shortage where I coincidentally and luckily found one in stock.
@SillyBoyJudas Congrats on finally obtaining a PS5! What games did you end up getting?
Also love your profile picture btw, I'm also a big Hunter x Hunter fan (only experienced the anime though)
@stvevan Unfortunately, he can't hear you while he's busy moving the goalposts 😉
@KidBoruto Thank! I'm excited to have gotten my hands on one. The games I have is God of War(literally just finished a few days ago and working on 100% for all of the realms), Horizon: Forbidden West, and other PS+ games such as Spiderman and Miles Morales. I've only has my PS5 for less than a month right now though. I am gonna begin God of War Ragnarok this weekend.
Thanks! Yea I've only watched HxH and haven't read the manga.
@SillyBoyJudas Hope you enjoy Ragnarok! I should be starting that tomorrow night, took off Friday and Saturday to make time for the game.
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