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PlayStation 5 sales cross 38 million after record-breaking quarter -By Fsk

Sony has now sold over 38 million PlayStation 5 consoles, following a whopping 6.3 million units last quarter.

That’s a record high for this specific quarter for sales of any console in history. Last year equivalent sales of the console were 2m units. In further comparison, the PS4’s biggest Q4 sales were 3m units.

Add in last quarter’s 7.1m units and it’s clear that PlayStation 5 sales are very high after stock shortages since launch.

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Total PlayStation 5 sales for Sony’s fiscal year 2022 reached 19.1 million units, surpassing its target of 19 million units. Compared to the last fiscal year, Sony nearly doubled its hardware revenue.

By comparison, the PS4 had sold over 40m consoles up to this point in its lifetime, although didn’t suffer the same stock shortage issues. It looks likely that Sony’s latest console will surpass the lifetime sales of its predecessor.

Sony is now projected to ship 25 million PlayStation 5 consoles in its next fiscal year (ending March 2024), which would be a record for the company.

In terms of software, Sony first party titles sold 68 million units on PlayStation 5 last quarter, down from Q3’s 86.5 million due to the release of God of War Ragnarok. This is slightly less than the same quarter last year (70.5m), but about the average for software sales across all quarters.

Digital downloads account for 70 percent of game sales – again about average.

For PlayStation Plus subscribers, this increased to 47.4m subscribers in the last quarter, up from 46.4m previously. One million customers takes the service to its highest number of customers since the revamped service was launched in June last year.

What’s more, network services (which includes PS Plus) revenue for the last fiscal year reached ¥464.7 billion, up from ¥409.4 billion the previous year. This is likely due to the increased price of the subscription.

PlayStation boss Jim Ryan said at the beginning of the year: “Everyone who wants a PS5 should have a much easier time finding retailers globally starting from this point forward.”

These latest figures suggest that is certainly the case.