Sony Expects PS5 Sales to Begin Slowing Next Fiscal Year, No Major Existing Franchise Titles before April 2025

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Sony has published its financials for FY2023 Q3, and with it comes a few updates regarding PlayStation, although not all of it seems to be positive. One executive has warned that PS5 sales will likely slow from the next fiscal year (April 2024 to March 2025), while another mentioned that there will be no major titles from known franchises (e.g., God of War) before that time frame, either.

Naomi Matsuoka (Sony’s senior vice president) said:

  • “Looking ahead, PS5 will enter the latter stage of its life cycle. As such, we will put more emphasis on the balance between profitability and sales. For this reason, we expect the annual sales pace of PS5 hardware will start falling from the next fiscal year.”

Hiroki Totoki (Sony’s President/CFO/COO/Representative Executive Officer) said:

  • “Regarding first-party software, we aim to continue to focus on producing high-quality works and developing live service games. But while major projects are currently under development, we do not plan to release any new major existing franchise titles next fiscal year like God of War Ragnarok and Marvel’s Spider-Man 2.”

Sony on PS5 sales in December 2023:

…the PlayStation 5 console (PS5) has surpassed 50 million units sold through to consumers, three years since its Nov. 2020 launch. Thanks to the support of PlayStation fans globally, the PS5 console has experienced strong momentum this year, driven by a slate of highly popular games and SIE’s continued focus on bringing innovation to the gaming experience, including PS5 game streaming for PlayStation Plus Premium members.

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Tsing Mui
News poster at The FPS Review.

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