PS4 Sales PS5

PS4 Sales Drop In Q4 Signals Imminent Arrival of PS5

PS4 Sales

According to the latest financial figures, profits from Sony’s gaming business have dropped by 14% year-on-year in Q4 2018. This has prompted concerns from analysts as well as speculation that Sony could be looking to launch PS5 in the next fiscal year.

PS4 Sales Down In Q4 2018

Sales of PlayStation 4 consoles dipped by 900,000 In Q4, from 9 million to 8.1 million. Chief financial officer Hiroki Tokoki said during an earnings briefing that the figure is still meeting company expectations.

Asymmetric Advisors’ Amir Anvaradeh believes that the lack of growth in Q4 is due to Sony’s preparation for the next generation.

“There is more downside as we believe slowing growth in its games division signals a very likely PS5 launch for next fiscal year and the ensuing costs that come with the launch of a new platform.”

Meanwhile, Macquarie Group’s Damian Thong says that promotional spending has increased.

“Strong profits from game software were offset by higher promotional and marketing costs aimed at driving PS4 volumes.

We are moving to the sidelines until we can better assess the risks in the Games segment.”

According to Sony, the PS4 has sold 91.8 million consoles worldwide since its release in November 2013. This surpassed the amount of PS3 unites sold (83 .8 million).

PS5 Launch Incoming?

Little is currently known about the PS5 beyond the many rumors. What we do know is that Sony will not be attending E3 2019 this year, so if an announcement takes place in 2019 then it won’t be at the world’s biggest gaming expo.

PlayStation 5 dev kits are out in the wild, and many developers have admitted to starting work on games for the next generation. According to the latest whisperings about the PS5 specs, Sony is planning to increase the power of the CPU to be twice as fast as PS4 Pro.

Other rumors include a backwards compatibility feature so players can play PS4 games, and an overhaul of the PlayStation Network.

Sources: The Guardian

  • Al Buns

    9,000 is a small drop. They are making money so the drop doesn’t hurt profits. Every hardware drops in its fifth year. Its not a major drop so there will be no neef to rush the PS5.

  • J.j. Barrington

    C’mon, man. This is piss poor “reporting” at its best. Don’t you think FY sales overall would have a bigger impact? You think sales in one quarter are enough to significantly alter the company’s plans for when their next-gen hardware releases, given all that entails?

  • john meta

    Imminent Arrival for Next Fiscal Year? First of all how is the next fiscal year imminent, and secondly 2020 has been the expected year for the launch of the next-gen consoles for some time now. If they launch in November 2019 then yes that is imminent and there is a slight chance that it could happen, but a March or November 2020 launch is more probable. And that is not because of a slight drop in sales of the PS4.