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Sony PS5 sales plummet 46% amid memory shortages and price hikes

Sony's PlayStation 5 sales have significantly declined, with only 1.5 million units sold in the fourth fiscal quarter, a 46 percent decrease year-over-year. This drop is attributed to memory shortages, which have led to two price increases for the console within a year. Despite an overall slight revenue increase for the fiscal year, Sony anticipates a six percent revenue fall in the gaming division for the upcoming year, though expects a profit boost due to the anticipated launch of Grand Theft Auto VI and the absence of previous impairment losses. AI

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RANK_REASON This article discusses sales figures and market conditions for a gaming console, which is not core AI news.

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Sony PS5 sales plummet 46% amid memory shortages and price hikes

COVERAGE [1]

  1. Engadget TIER_1 · [email protected] (Steve Dent) ·

    Sony PS5 sales fall off a cliff amid memory shortages

    Higher console prices could affect its gaming division results next year, too.