PlayStation 5 In ‘Latter Stage Of Life Cycle’, No New Major Existing Franchise Releases This Year: Sony

Sony has adjusted its sales forecast for the PlayStation 5 (PS5) downwards, from an initial target of 25 million units to 21 million units for the fiscal year ending March 31, 2025. This revision follows a lower-than-expected performance in PS5 sales during the crucial holiday quarter of 2023, despite extensive promotional efforts.

During the third quarter ending December 31, 2023, Sony reported sales of 8.2 million PS5 units, marking an increase from the 7.1 million units sold during the same period the previous year. However, this growth was insufficient to meet the company’s ambitious sales target.

A Decline In Sales?

As reported by Bloomberg, Naomi Matsuoka, Senior Vice President at Sony, acknowledged the changing dynamics of the PS5’s sales trajectory, anticipating a decline in sales pace starting from the next fiscal year, beginning April 2024.

“As we look ahead, the PS5 will transition into the latter stage of its life cycle,” stated Matsuoka. “Consequently, our focus will shift towards achieving a balance between profitability and sales. Consequently, we anticipate a decline in the annual sales pace of PS5 hardware starting from the upcoming fiscal year.”