UK 2023 |PS5:1.2m, NSW: 720k, XBS: 650k| PS commands 49% market share/Xbox only 10%. PS5 up 55% and Xbox down 14% Flipbook info added.

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Gamernyc78

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A big year for PS5, but sales drops elsewhere​

2.38 million games consoles were sold during the year in the UK, according to GfK panel data. That's a rise of 9.4% over the year before.

PS5 was the driver behind this. Sony's console saw sales rise 55.2% over 2022, making it the biggest year yet for new PlayStation. It's actually the best year for a PlayStation machine since 2014.

The other console to post year-on-year growth was, interestingly, PS4. Sales of PS4 were up 633% year-on-year. Like with PS5, this is due to severe console shortages that plagued PlayStation consoles throughout the year prior.

Elsewhere, Nintendo Switch ended the year as the No.2 console, but sales are down 16.7% over the year before. This is the Switch's seventh year on the market and a decline was expected.

Narrowly behind Switch is the Xbox Series S and X, which saw sales drop 14.2% over the year before.

Over in accessories, nine million products were sold at UK retail in 2023, a drop of 4.5% over the year before, despite improved console sales
 
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Bryank75

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Gamernyc78 said:

A big year for PS5, but sales drops elsewhere​

2.38 million games consoles were sold during the year in the UK, according to GfK panel data. That's a rise of 9.4% over the year before.

PS5 was the driver behind this. Sony's console saw sales rise 55.2% over 2022, making it the biggest year yet for new PlayStation. It's actually the best year for a PlayStation machine since 2014.

The other console to post year-on-year growth was, interestingly, PS4. Sales of PS4 were up 633% year-on-year. Like with PS5, this is due to severe console shortages that plagued PlayStation consoles throughout the year prior.

Elsewhere, Nintendo Switch ended the year as the No.2 console, but sales are down 16.7% over the year before. This is the Switch's seventh year on the market and a decline was expected.

Narrowly behind Switch is the Xbox Series S and X, which saw sales drop 14.2% over the year before.

Over in accessories, nine million products were sold at UK retail in 2023, a drop of 4.5% over the year before, despite improved console sales
Click to expand...
Yeah, if they say 18 million is their target for next year...that is just them not bothering to meet demand.

I would be sickened of they did aim for such an unambitious number.
 
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Gods&Monsters

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Gamernyc78 said:
PS5 was the driver behind this. Sony's console saw sales rise 55.2% over 2022, making it the biggest year yet for new PlayStation. It's actually the best year for a PlayStation machine since 2014.

The other console to post year-on-year growth was, interestingly, PS4. Sales of PS4 were up 633% year-on-year. Like with PS5, this is due to severe console shortages that plagued PlayStation consoles throughout the year prior.
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This news is going to get buried because the December MOM news came out earlier.

PS5 up 55% and Xbox down 14% 😬
 
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Cool hand luke

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How does this being the biggest year for a Playstation console square with the previous estimates for 2021 which had PS5 at slightly higher than the 2023 numbers?

Talking about this:
icon-era.com

Updated-PS5 was the #1 sold in UK for Dec. 2023 PS5 up 55% and Xbox down 14% Top 10 (Digital and Physical). Article added.

https://www.gamesindustry.biz/uk-pc-and-console-sales-grew-26-in-2023-uk-annual-report-1 A big year for PS5, but sales drops elsewhere 2.38 million games consoles were sold during the year in the UK, according to GfK panel data. That's a rise of 9.4% over the year before. PS5 was the driver...
icon-era.com icon-era.com
 
KiryuRealty

KiryuRealty

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Bryank75 said:
Yeah, if they say 18 million is their target for next year...that is just them not bothering to meet demand.

I would be sickened of they did aim for such an unambitious number.
Click to expand...
How many times do you need it explained?

A company will under-report predictions to the lowest realistic number they can figure, in order to please investors by exceeding projections. It is a standard business practice that has been used for decades.

If they publicly say “We figure we will sell 18.5 million”, their internal estimate is probably at least 3 million higher.
 
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Gamernyc78

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KiryuRealty said:
How many times do you need it explained?

A company will under-report predictions to the lowest realistic number they can figure, in order to please investors by exceeding projections. It is a standard business practice that has been used for decades.

If they publicly say “We figure we will sell 18.5 million”, their internal estimate is probably at least 3 million higher.
Click to expand...
Usually true.
 
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KiryuRealty

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Gamernyc78 said:
Usually true.
Click to expand...
The typical practice is: If you KNOW you will sell 10 million units, you report projections of selling 8 million and prepare to make 11 million in case demand is stronger.

You NEVER publicly predict anything above worst-case scenario, or you can destroy your share value in the blink of an eye.
 
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