Sony’s gaming business had a highly successful holiday quarter as it sold 7.1 million PS5s from October to December compared to 3.9 million in the same quarter last year. That’s a whopping 82 percent increase, so the company’s supply issues appear to be largely resolved, as the company has said of late. In other words, you should be able to buy a PS5 now with little to no delay.
All of that resulted in a big increase in revenue, as its Networking and Gaming Services segment raked in 1.25 trillion yen ($9.7 billion), up 53 percent year-over-year. That includes more than doubling of hardware revenue and healthy increases in software (30 percent), network services (20 percent) and others, including PSVR and proprietary software sales on other platforms (73 percent).
To understand the importance of all this, Sony has now sold 32.1 million PS5s compared to 25 million in November 2022, so total unit sales are up 28 percent in just one quarter. It also means that Sony can hit its fiscal 2022 PS5 sales forecast (18 million units from March 2022 to March 2023) if it can ship 5.2 million consoles, something that seemed very optimistic last quarter. If it hits that goal, it will hit PS5 sales of over 37 million units.
Sony has fought against Microsoft’s acquisition of Activision, though Microsoft itself recently noted that Sony has five times as many exclusive games as Xbox. In terms of own titles, god of war ragnarok and Ghost of Tsushima Director’s Cut stood out on PS5 this quarter.
Sony’s gaming business eclipsed its other segments, though its image sensor business also continues to rise, with sales rising 63 percent year-on-year to 417 billion yen ($3.24 billion). Sony supplies most of the camera sensors to manufacturers of smartphones and mirrorless cameras.
All Engadget Recommended products are curated by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you purchase something through one of these links, we may earn an affiliate commission. All prices are correct at the time of publication.