PlayStation Fiscal Results Signify an Aging Console Generation

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Fiscal results are being reported by all of the major companies and with the industry nearing the end of the console generation and no major first party releases, it’s no surprise that Sony’s PlayStation results show a decline. The highlights are as follows:

  • Operating profit down 28.3% year over year at $597.6 million.
  • Gaming revenue down 17.4% year over year at $4.18 billion.
  • Total software revenue down 19.3% year over year at $2.35 billion.
  • PlayStation 4 consoles sold down 28.3% year over year (2.8 million units down from 3.9 million).

Sony said three main factors were at play: “The three most significant reasons for the decrease in expected profit year-on-year are a decrease in first-party software sales resulting from the postponement of The Last of Us Part II… a decrease in third-party software sales resulting from a deceleration of free to play titles, and the negative impact of exchange rates,” Sony commented.”

You can find further details and information on PlayStation’s fiscal results via GameIndustry.biz here.

Our Take

These results are none too surprising. The PS4 has had a tremendous run and is now the second best-selling console of all-time only behind the PS2 which is remarkable. Here at SG, we’re more than ready for the PS5 and Xbox Scarlett!

 

Author: Seasoned Gaming

Covering the videogame industry with daily content, unique opinions, and as always, no ads or filler.

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