PS5 sells 8.2M units in Q3; sales forecast cut

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Sony Corp. this week said the PlayStation 5 sold 8.2 million units in the third quarter but lowered its sales forecast for the hardware amid declining profits in the sector.

The Game & Network Services Segment, which includes the PlayStation business, totaled $9.3 billion in sales, an increase of 16 percent year-over-year. Operating income totaled $572 million, a significant decline of 26 percent from one year ago.

Sony cut its fiscal year sales forecast for the PS5 ending Mar. 31, 2024 to 21 million units from 25 million units. The hardware has sold 54.7 million units to date.

The company added there would be no plans to release major franchise titles the next fiscal year.

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