PS5 Breaks Sales Record But Still Falls Short Of Target After Crossing 59 Million Units Sold thumbnail

PS5 Breaks Sales Record But Still Falls Short Of Target After Crossing 59 Million Units Sold

PlayStation 5 Sony PS5 Surpasses 59 million record revenue missed target decline

Sony Interactive Entertainment has revealed in its latest financial earnings report it sold 20.8 million PlayStation 5 units in the fiscal year that ended on March 31. In doing so, Sony sold more than any fiscal year since the console’s launch in November 2020. However, despite that achievement, Sony still fell short of its original PS5 sales target for this year, missing it by more than 4 million units. 

Originally targeting 25 million units for the fiscal year ending March 31, 2024, Sony sold 20.8 million, bringing the grand total up to 59 million, despite the 4 million units miss. As noted by VideoGamesChronicle, however, Sony revised that 25 million unit target in February to just 21 million; it still didn’t hit that target, though, just narrowly missing the mark. 

At 59 million units, the PS5 is just behind the PlayStation 4’s 60 million units at the same point in its life cycle. However, Tokyo-based video game analyst Serkan Toto told VGC that 20.8 million units sold is likely going to remain the peak for the PS5, and that this number would have been much lower if not for the release of Helldivers 2 in February, which is PlayStation’s fastest-selling game ever after selling 12 million copies in 12 weeks

On the earnings call, Sony told investors to expect gaming sales to decrease in the fiscal year that just began (and ends March of next year) due to an expected decrease in console sales. There are also no major games from existing franchises releasing between now and then, according to the company. However, Sony says it still plans to release Concord, the new multiplayer online shooter IP from Firewalk Studios coming to PS5 and PC, this year. 

For more about PlayStation, read about how Hermen Hulst and Hideaki Nishino have been named dual CEOs of the company, and then read Game Informer’s Stellar Blade review. After that, check out Game Informer’s Final Fantasy VII Rebirth review

How do you feel about the PlayStation 5 at this point in its lifecycle? Let us know in the comments below!

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