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The PS5 Is Entering ‘The Latter Stage Of Its Life Cycle,’ Says Sony

Sony Interactive Entertainment has revealed that the PS5 is now entering ‘the latter stage of its life cycle,’ after adjusting its forecast for console sales for the current financial year from 25 million to 21 million.

Bloomberg reports that Naomi Matsuoka, Senior Vice President at Sony, revealed that the hardware manufacture anticipates PS5 sales to start to decline during the next financial year, which runs April 2024 — March 2025.

Looking ahead, PS5 will enter the latter stage of its life cycle. As such, we will put more emphasis on the balance between profitability and sales. For this reason, we expect the annual sales pace of PS5 hardware will start falling from the next fiscal year.

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Sony announced during its latest financial results overnight that PS5 has now shipped 54.8 million units worldwide since its launch in November 2020. The console maker moved 8.2 million PS5s during the three-month period ended December 31, 2023.

Elsewhere, Sony revealed that it will not be releasing any major franchise instalments before March 31, 2025, although that doesn’t mean we won’t see anything from the company. Rather, it simply means we won’t be getting anything on par with the likes of God of War or Marvel’s Spider-Man.

[Source – Bloomberg]