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Sony aims to sell 22.6 million PlayStation 5 units by March 2022

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Sony’s PlayStation 5 is the epitome of how a console should be and the next-gen device from Sony remains strong and steady in the market despite being a year old and facing tough competition from Microsoft’s offering and the widespread supply shortages.

According to sources, the next-gen console from Sony has sold about 3.3 million units in fiscal Q2 compared to 2.2 million sold in the last quarter.

These numbers bring the total sales up to 13.4 million units, and this information has been officially announced by Sony itself. Game sales were also up significantly at 76.4 million units compared to 63.6 million in the previous quarter.

Overall, these amazing sale numbers amounted to a healthy 27 percent boost in gaming revenue to 645.4 billion yen ($5.68 billion). But the company’s operating income of 82.7 billion yen ($728 million) was still down as compared with last quarter by 3.4 billion yen ($29 million).

It’s mind-boggling as to why Sony’s profit is low even though the sales and revenue numbers are off the chart. The reason here is that even if the company sold more games last quarter, many of the first-party titles have dropped very significantly, from 10.5 million last quarter to 7.6 million in Q2.

This is the major reason why both Sony and Microsoft are on a hiring spree to acquire both Microsoft and Sony have acquired gaming studios to boost their Xbox/PS first-party titles,

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Other factors for lower profit as mentioned by Sony includes, “loss resulting from strategic price points for PS5 hardware that were set lower than manufacturing costs.”

All this means that Sony has reportedly been selling the PS5 with minimal or negative profits this quarter while navigating around chip shortages and supply chain issues.

However, recently the Japan-based tech company has stated that it has secured enough components for 22.6 million units to be sold by March 2022.

This means that in the next quarter, Sony will be bouncing off of the loss charts and reigning over the profit market.

source

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