Sony PS5

Sony has sold nearly 19 million PS5s but fell short of its goal

Even after 1.5 years after its release, Sony’s PlayStation 5 is still one of the most sought-after pieces of technology in the world. It was recently disclosed by Sony that the PlayStation 4 has been purchased by a total of 19.3 million people. Despite the fact that this number appears to be large, it failed to meet fiscal year (FY) 22 goals.

A look at Sony’s annual sales report reveals how many units were sold in the fiscal year that just ended. In the fiscal year that concluded in March, the business sold around 11.5 million PlayStation 5 devices. This was the first full year that Sony’s new generation of consoles were available to the public. The console was released at the end of 2020. This week, the PlayStation 5 will be able to handle variable refresh rates.

Here are some facts:

  • Sony expected to sell 14.8 million units during the most recent fiscal year, which ended in March. Sony missed its goal by a factor of 3.3 million.
  • Sony had anticipated a 22% decrease in revenue. Sony did not have to be concerned about a shortage of demand this past year.
  • However, a severe crisis arose for the organisation as a result of a shortage of necessary components.
  • Pre-orders for the PlayStation 5 and PlayStation 5 Digital Edition will commence at 12 p.m. EDT today as Sony prepares to replenish.

Even though the Japanese company has had a difficult year, it has big aspirations for the current fiscal year. As of this year, Sony plans to sell 18 million units. Almost as much revenue was generated in half the time.

Sony put off the launch in India till the first months of 2021 as a result of regulatory concerns. Since then, the corporation has held flash deals practically every month, with a few exceptions. Although it has been a long time since the product was launched, pre-orders are selling out quite swiftly. Occasionally within a few minutes or even seconds.

We can expect Sony to bring in additional units to all countries, including India, as the corporation sets ambitious goals for the year ahead. Existing PS4 and PS4 Pro owners will have ample opportunity to upgrade to the PS5 due to the increasing amount of PS5 exclusives.

In the long run, Sony expects the component shortage situation to pass. Even as tensions between Russia and Ukraine continue to rise, the global supply chain is plagued by a fog of uncertainty. A buyer’s market that is adversely affected by cross-border inflation does not exist.