The base model of the PlayStation 5 has been declared profitable following its record of having sold over 10 million units. This is an impressive milestone, as many consoles take at least a year to become profitable. The PS5 Digital Edition is on track to have its loss offset by peripherals and other hardware sales. The effects of the global pandemic have played a large role in console sales, but as they wane, Sony has reported decreased hardware sales and PlayStation Plus subscriptions. It still expects to maintain its goal of 14.8 million units sold by the end of 2021.
Sony Chief Financial Officer Hiroki Totoki said that the company’s key product, the $499 PlayStation 5, was no longer selling at a loss. The $399 PS5 Digital Edition is on track to have its loss offset by other hardware sales including peripherals and the PlayStation 4, the CFO added.
Source: Bloomberg (via Digital Trends)