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Sony misses PS5 sales target as console enters ‘latter stage of its life cycle’

91 comments
  • Personal feelings agead: not based in facts.

    Can we really say a "next generation" console is "in its latter stages of life cycle" when people like me have yet to buy a "next generation" console, and have bought every new game for said console?

    I'm not denying it's got better specs. People always jump all over that, tripping over themselves to "um ackshyully" about how it really is superior in every way making it a "next generation" but come on.... If I can get the same or similar experience on "last generation" then is there really enough difference to call it a different generation?

    Take my sister in law vs my me vs my wife. We are all millenials.

    But SIL is start of the millenials, my wife is tail of the millenials, and I'm sitting around the 3/4 mark. We all had differing experiences growing up based on the years we were on our formative years, but we're all "the same generation"

    My wife's best friend is a generation below us, but they have far more in common and should really be considered the same generation, IMO.

    I hope I get my point across clear enough for someone to figure it out...

    It just doesn't really feel "next generation" to me.

  • It's going to be 4 years old this year in an industry that until recently had 5 year life cycles, it makes sense it's slowing down.

    The PS3/Xbox 360 generation was artificially extended by the 2008 financial crisis (2005 - 2013).

    It really looks like the PS5/XSX generation is going to be shortened by Covid.

  • This is the best summary I could come up with:


    Sony now expects to sell 4 million fewer PS5 consoles in its 2023 fiscal year ending March 31st compared to previous projections, Bloomberg reports.

    In its third quarter, Sony’s gaming revenue was up 16 percent versus the same period the previous year, sitting at 1.4 trillion yen (around $9.3 billion), but operating income was down 26 percent to 86.1 billion yen (around $572 million) due to promotions in the third quarter ending on December 31st.

    According to Sony, the company plans to emphasize profitability over unit sales as the console approaches its fourth birthday.

    “Looking ahead, PS5 will enter the latter stage of its life cycle,” said Sony senior vice president Naomi Matsuoka in comments reported by Bloomberg.

    For this reason, we expect the annual sales pace of PS5 hardware will start falling from the next fiscal year.” Sony added it has no plans to release “any new major existing franchise titles” in its next fiscal year.

    Later this year, Microsoft is expected to release a refreshed Xbox Series S and a disc-less Xbox Series X codenamed Brooklin with double the amount of storage as its existing model, while Nintendo is also expected to release a follow-up to its seven year-old Switch console.


    The original article contains 346 words, the summary contains 202 words. Saved 42%. I'm a bot and I'm open source!

  • I just bought a PS5 because I've never had a PlayStation. It's great that it's basically a PS4 as well, but they're really failing to get new customers.

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