Sony: So far, 19.3 million PS5 consoles (PlayStation 5) have been sold.
As usual for the PS5, this simply gives us an idea of how many systems Sony is capable of producing. Demand continues to far exceed supply and this is not going to change soon.
See also: PS4/PS5: How to enable 2FA on your PlayStation Network account?
While Sony will likely struggle to meet demand during this year, a more realistic goal is to meet its internal estimates. For fiscal 2021, the company did not meet its forecasts for shipping 14.8 million PS5s.
However, Sony says it expects to produce more hardware compared to the last fiscal reporting period.
See also: Hogwarts Legacy: Coming soon to PC, PS4, PS5 and Xbox!
In an earnings report, Sony confirmed that its gaming and network services division generated $20 billion in revenue during fiscal 2021. This contributed to a flat year-over-year profit of $2.65 billion. Positive factors included favorable currency effects and increased PlayStation hardware sales. Sony sold 7.8 million PlayStation 5s in fiscal 2020 , compared to 11.5 million in fiscal 2021. The company continues to find ways to reduce the cost of producing the PS5.
Looking ahead, Sony expects to have much more revenue in fiscal 2022. It also expects to have even more profit. The company tells investors that it expects to increase sales with more PS5 console sales as well as increasing sales of non-first-party games. But the company expects to spend more money making games at its existing studios, while also realizing the cost of acquiring Bungie . Those factors could cause earnings to slow .
See also: Cyberpunk 2077: The PS5 version looks set to be announced today
But that's not too much of a negative. Sony's PlayStation business is more profitable now than at any time in its history. And if the company uses those profits to invest in growing the division in the future, investors will likely take that as a good sign for long-term prospects .
Information source: venturebeat.com
