PS5 shipments top 54.8 million as of December 2023. Has outsold Xbox Series X/S 2-1, data suggests

[Danja]

Again, what other consoles do you know of that have done that in the last 50 years?

Your little semantics isn't gonna fly here. We are talking about PS5 dropping 4 million in estimation and can still possibly miss the 21 million.

Comparing it to other consoles is ridiculous because other consoles also didn't have the brand power or initial momentum PS5 had which lead to them thinking they could cruise to 25 million.

 

[lynux3]

Your little semantics isn't gonna fly here. We are talking about PS5 dropping 4 million in estimation and can still possibly miss the 21 million.

Comparing it to other consoles is ridiculous because other consoles also didn't have the brand power or initial momentum PS5 had which lead to them thinking they could cruise to 25 million.

All you had to say is that you don’t know, which is very, very obvious.

 

[AshHunter216]

Yep it's obvious now
Playstation will go third party soon
We laughed at xbox fans
But I guess sony will fellow the same fate

You guys need to stop with the dumb knee jerk reactions.

 

[Danja]

All you had to say is that you don’t know, which is very, very obvious.

Nope all I'm saying is your attempt to deflect from the reality of the current situation is hilarious to see.

Because if they had said they are on target to meet 25 million still, your argument in here would be totally different.

 

[Nhomnhom]

2.3:1 in favor of PS5 already. Xbox Series won't even reach 30m at this rate.

Sony is paying a huge price for their lack of investments, lack of announcements and failed PC and GaaS strategies.

Shame, it did not need to be this way. Sony is extremely lucky that Xbox died but don't seem like they'll fully capitalize on it because they are too passive.

 

[lynux3]

Nope all I'm saying is your attempt to deflect from the reality of the current situation is hilarious to see.

Because if they had said they are on target to meet 25 million still, your argument in here would be totally different.

I’m not deflecting. My question was very straight forward. If you can’t answer that’s okay.

 

[Darth Vader]

He didn't retire, PlayStation would've had those forecasts and seen what was to come since summer.
Totoki came down from Sony Corp as interim leader because they showed the door to Jim.

Of course he didn't. People were talking about the pancake party with him as some sort of proof that he wasn't kicked out, but if anything this solidifies that he was indeed showed the door. Either that or he knew they were fucked and bailed before the shitstorm, which is actually a very popular tactic among CEOs, however I don't believe the later.

He's been there since his "retirement" doing fuck all and getting paid.

 

[Danja]

Of course he didn't. People were talking about the pancake party with him as some sort of proof that he wasn't kicked out, but if anything this solidifies that he was indeed showed the door. Either that or he knew they were fucked and bailed before the shitstorm, which is actually a very popular tactic among CEOs, however I don't believe the later.

He's been there since his "retirement" doing fuck all and getting paid.

Don't forget that they sent him to Korea to sign a new contract so that means he def wants told to step down. It's no coincidence he retired shortly after Connie and Co. Were evacuated from their building

 

[TubzGaming]

 

[Nhomnhom]

I don't know if you've noticed, but people are losing their jobs at a record pace right now, we're in there.
PS5+XBS is going to end up below PS4+XBONE at the current trajectory given by both PS and MS in their early guidance for next FY unless the situation reverses(highly unlikely)
The premium console segment will shrink this generation and the primary reason is going to be the cost of the consoles.

Publishers are going to have to be more proactive about putting their games on the Switch 2 if they want to maintain the kind of revenue they're all projecting.



He didn't retire, PlayStation would've had those forecasts and seen what was to come since summer.
Totoki came down from Sony Corp as interim leader because they showed the door to Jim.

I felt bullish about PlayStation in spring, but that was then, things are different right now.

How are people not going to lose their job if PlayStation has more studios than ever yet can't even anounce games much less release them?

PS5 is also somehow selling worse than the PS4 and their new PC strategy failed miserably.

All time low for Sony internal studios, reminds me of Xbox under Phil Spencer 10 years ago.

 

[anonpuffs]

Full Quote from Gematsu:

ohhhhh shit

for people who dont understand this quote: this dude is about to take a chainsaw to 1st party budgets

 

[avenovah]

Full Quote from Gematsu:

I don't understand where he's going with this? Cutting studios and budgets?

 

[Johnic]

I don't understand where he's going with this? Cutting studios and budgets?

He's the CEO. Every single one of them, regardless of company, is constantly drumming on about "infinite growth". It's nothing new. It's how capitalism works. They all want more and more each year and that's not possible.

This probably means nothing. You don't get more growth by firing people and cancelling projects, only to be left with no software to sell. Ask Embracer.

 

[Evilnemesis8]

I don't understand where he's going with this? Cutting studios and budgets?

The gist of it is that he's saying that Return on Investment is not at the level he would want.

You're not understanding because he's not saying anything meaningful than that because of this part :

There are concrete points which I will not go into today.

He/SIE will reveal the future plans for sustainability next quarterly report as part of their forecast for the next FY year.
That's going to happen in May.

This probably means nothing. You don't get more growth by firing people and cancelling projects, only to be left with no software to sell. Ask Embracer.

The problem here is that they're seeing the best revenue metrics they've ever seen and yet the operating profits are way down, clearly the drastically increased expenditures haven't been panning out.

 

[Shadow2027]

I think playstation will go third party like xbox imo
Nintendo is the only smart videogames company in the world
That's why they always win and destroy the competition

They might start doing more on PC quicker, but cant run on current switch, and why feed xbox in same competition segment. Also players there simply dont buy games so what would be the point in releasing there outside of the live service

 

[Gamernyc78]

Notes:
* US Dollar figures have been converted from Japanese Yen using the Average Exchange Rates provided by Sony in their Earning Releases.
** YoY/QoQ growth is calculated using the original Japanese Yen figures.
*** To ensure consistency and avoid confusion, comparisons will be made using the Japanese Yen. Deep Dive analysis (Average Price of Games, ...) will use the US Dollar.
Data Source

Sony Group Corporation - FY23 Q3 (September - December 2023) Financial Results:

Game & Network Services (Playstation) FY23 Q2 (July - September 2023) Financial Results:

FY2023 Q3 Results:
Game & Network Services (PlayStation) Revenue: ¥1444.4B/10.20$B (+15.87% YoY ¥1246.5B/$8.797B)
Game & Network Services (PlayStation) Operating Profit: ¥86.1B/0.608$B (-25.9% YoY ¥116.2B/$0.820B)

This is SIE's biggest Second Quarter BY FAR in Revenue
Top 5 Q3 in terms of Revenue:

1. PlayStation Q3 FY23
2. PlayStation Q3 FY22
3. PlayStation Q3 FY20
4. PlayStation Q3 FY21
5. PlayStation Q3 FY18

- Operating Income and Margins suffering due to high costs: 3rd Highest recorded Operating Income in Q3.

• Top 5 Q3 in terms of Operating Income:
  1. PlayStation Q3 FY22
  2. PlayStation Q3 FY21
  3. PlayStation Q3 FY23
  4. PlayStation Q3 FY17
  5. PlayStation Q3 FY20

Here's a breakdown of PlayStation Sales per Segment in Q3:

Thanks to the massive contribution of this Quarter, SIE achieved its highest 12-month trailing Revenue by far. Meanwhile, Operating Income is low

Hardware:

- Sony shipped 8.2m PS5s in Q3 FY23:

• YoY growth: 15.49% YoY Vs 7.1m units in Q3 FY22.
• Significant QoQ growth: 67.35% QoQ Vs 4.9m units in Q2 FY23

- As it stands, Sony shipped 16.4m PS5s in the current FY, which accounts for roughly 65.6% of their target (25m PS5s shipped)
- 54.8m PS5s shipped since launch VS 57.1m PS4s in the same timeframe. Launch aligned, PS5 is currently lagging behind PS4 by 2.3m Units.

Software:

89.7m Full PS4/PS5 Games sold in Q3 FY23.

• 3.7% YoY increase: Up from 86.5m in Q3 FY22.
• 32.69% QoQ increase: Up from 67.6m in Q2 FY23.
• Digital accounted for 66% of Full Games Sales in Q3 FY23, comparable to previous quarters slightly up from 62% YoY and slightly down from 67% QoQ.

Here's a breakdown of the PS4/PS5 Full Games Sales Physical/Digital Split.

16.2m First-Party Games sold, driven by Spider-Man 2 which sold over 10m copies by February 4th, 2024.

• Significant 22.11% YoY decrease: Down from 20.8m in Q3 FY22.
• Significant 244.6% QoQ increase: Up from 4.7m in Q2 FY23.
• First-party games account for 18.06% of the Total Full Games sold in Q3 FY23, which is the lowest ratio of First-Party games since Sony started reporting the figure.

SIE's cut from Physical games sold on PlayStation (average gross profit per physical copy sold):

Average Price of Digital Games Sold on PlayStation Store:

 

[Vertigo]

How’s the VR disaster doing?

 

[Nhomnhom]

How’s the VR disaster doing?

Going according to plan, what do you expect from people that didn't even figured out it made sense to port the best original PSVR game to PSVR2?

The plan was to send it to die by the way.

 

[gokuss4]

Going according to plan, what do you expect from people that didn't even figured out it made sense to port the best original PSVR game to PSVR2?

The plan was to send it to die by the way.

Sony is very lucky that all the catastrophic news will be forgotten tomorrow when xbox goes third party
But if sony continues there mismanagement im one hundred percent sure they will suffer the same xbox fate

 

[Nhomnhom]

Sony is very lucky that all the catastrophic news will be forgotten tomorrow when xbox goes third party
But if sony continues there mismanagement im one hundred percent sure they will suffer the same xbox fate

Xbox killing itself isn't surprising but Sony will be in big trouble once they are competing directly against Steam instead of Xbox. They seem to have no idea who they are up against and how Valve thinks longterm (as in 10+ years ahead).

All that Valve needs to figure out is how to make a console like hardware work for them in terms of pricing and PlayStation will have an extremely hard time competing against something like that. Even MS is still in a position to pull a similar move (Sony is lucky that Xbox is too incompetent to see it).