Sony lowers PS5 sales forecast for 2022

In the end of its fiscal year in May, Sony was pretty bullish on game sales, guess PlayStation 5s sales 18 million for 2022 after selling 11.5 million in 2021. The company also expects a “significant” revenue increase in its games division in 2021 due to a push on “all categories”.

However, in its latest earnings cut, the company revised its profit forecast down 16% from 305 billion yen ($2.3 billion) in May to 255 billion yen ($1.9 billion). la)”, due to an expected drop in sales of first-party titles. , ” it wrote. The company also led to a decrease in revenue due to increased costs due to acquired Bungie Studios closed earlier than expected.

Sony didn’t say anything about its PS5 console forecast, but it sold 2.4 million units this quarter compared to 2.3 million units in the same quarter last year (21.4 million units to date). in). That means the company has to sell an average of more than 5 million units over the next three quarters to meet its May forecast — something it has never done before. However, in May, Sony said it would eventually be able to ramp up production to meet PS5 demand as supply chain issues ease – although consoles are still understaffed at the moment. bow.

On the software side, things also went south as Sony sold only 47.1 million titles, including 6.4 million first-party games, compared with 63.6 million titles and 10.5 million titles. In addition, PlayStation Plus users decreased slightly compared to Q4 (47.3 million instead of 47.4 million) and monthly active users also decreased from 106 to 102 million . Sony introduced the new higher-priced PS Plus Extra and Premium in June, but it hasn’t revealed the impact of those yet – hopefully, we’ll find out more next quarter.

Going forward, Sony has a few big games that could boost software sales, including God of War Ragnarok until November 9and The Last of Us Part I rework, do it again arrive on September 2. On the hardware front, PSVR 2 has been revealed but is expected to arrive next year.

Next quarter will be a lot more interesting for Sony’s gaming division, as PS5 sales will show if it can ramp up production. Game sales will also be notable, as the sharp decline this quarter is an ominous harbinger for the industry as a whole.

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