Sony Reports Decline in PS5 Sales Despite PlayStation Network Growth

Sony's latest earnings report reveals a drop in PS5 hardware sales, despite increased game sales and PlayStation Network users.

Sony's recent earnings report reveals a surprising trend: while game sales and PlayStation Network monthly active users are up, PS5 hardware sales have declined year-on-year.

Sony Reports Decline in PS5 Sales Despite PlayStation Network Growth

Despite the improved availability of the PS5 Slim and the recent launch of the PS5 Pro, hardware sales are down. Sony reported selling 2.4 million PS5 units in Q1 FY24, a 27% year-on-year decrease. Q2 saw improvement, but sales still lagged 22% behind 2023 figures. Q3 is expected to be stronger with the addition of PS5 Pro sales.

PlayStation Network Users Chart

In contrast, game sales have increased by 28% in the same period, and active PlayStation Network users have grown from 107 million to 116 million, an 8% increase. However, monthly active users are still below the 123 million recorded in Q3 FY2023.

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