The current generation of consoles is reaching a point where it is inevitable that hardware sales will drop, with Sony and Xbox seeing their console sales decline for obvious reasons, being the main reason why both companies are preparing new devices. But that doesn’t mean things are going badly for them, and that’s it Sony presented its results for this quarter, up by sales in connection with game.
It’s been almost four years since the PS5 was launched, and as you can imagine, sales of this console have declined sharply, although they remain quite high, they do not represent the majority of Sony’s revenue. The company has seen its profits increase thanks to gaming sector, and they managed to achieve a fairly high sales rate thanks mainly to first party video games and subscriptions to PlayStation.
Even without big console sales, Sony continues to grow in the gaming sector
It is very common that after a few years, hardware sales begin to decline, and in most cases it is normal for them to drop a little, which leads many companies to worry about whether or not they will obtain a series of greater benefits. In the case of Sony, It seems that the concern of not having sales of hardware lower than what they expected is not that high, and even though the prediction of the consoles they were going to sell failed, they managed to maintain a fairly high profit in the sector game.
The company indicated that PS5 sales would decrease, as it is inevitable, but that they would still be above 3 million units sold, but the Japanese company’s approximation is quite far from reality, since the number of consoles sold is 2.4 million, 600,000 units less than expected. Although it may not seem like much, this drop in sales rate represents a potential loss of profit that is quite significant, since in the end the calculations are quite simple even when handling such large units.
But this has not proven to be a problem for Sony, mainly because thanks to first-party games, exclusive titles released on other platforms and user subscriptions to services such as PlayStation Plus, the brand has recorded a large number of profits. In recent months. This demonstrates the great potential that the company itself has to continue growing in the video game sector, even without taking into account the hardware, which puts it in a very good position compared to its main competitor.
And ultimately, as we well know, both companies are trying to make the most of other types of investments in the sector that are not just hardware-related, even if that means buying studios to develop several big-name titles only to end up closing them or laying off a large part of the staff after a while.
