"Sony sold just 1.5 million PS5 consoles in its most recent fourth fiscal quarter, down 46 percent year-over-year. The slump in PS5 sales comes after Sony raised the price of its PS5 consoles twice over the past year, pushing the price of the regular PS5 from $499.99 all the way up to $649.99."
"Sony blamed "continued pressures in the global economic landscape," for the price hikes in March, amid an ongoing memory crisis and pressure from the war in Iran. Sony now forecasts that annual gaming revenue will drop six percent, but these forecasts could be impacted by ongoing memory costs."
""We plan to base our PS5 hardware sales in FY26 on the volume of memory we can procure at reasonable prices and we expect hardware profitability to be essentially the same as FY25," says Sony. Sony previously revealed in February that it had secured "the minimum quantity necessary" of memory to manage the year-end shopping season."
"Sony also revealed that during the last financial year it has recorded a $765 million impairment cost against Bungie, the struggling studio behind Destiny 2 and Marathon. Sony first announced its was acquiring Bungie in a $3.6 billion deal just days after Microsoft's announcement that it was acquiring Activision Blizzard in 2022."
Sony sold 1.5 million PS5 consoles in its most recent fourth fiscal quarter, a 46% year-over-year decline. Sony attributed the slump to global economic pressures that accompanied two PS5 price increases over the past year, raising the regular PS5 from $499.99 to $649.99. Sony forecast annual gaming revenue to drop 6%, while noting that memory costs could affect results. Sony plans FY26 PS5 hardware sales based on the amount of memory it can procure at reasonable prices and expects hardware profitability to remain essentially the same as FY25. Sony sold 16 million PS5 consoles across the 2025 financial year, down from 18.5 million the prior year.
Read at The Verge
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