Sony Eyes 25 Million PS5 Annual Sales to Break Console Record

With the console shortage over, Sony expects even more people will buyPlayStation 5over this next fiscal year, potentially breaking a record for PlayStation sales.

Sony President Hiroki Totoki mentioned the goal in anearnings call(Opens in a new window)on Friday. “We aim to continuously accelerate penetration of PS5 and aim for PS5 selling units for the current fiscal year to be 25 million units, the highest ever for any PS console in history,” he said.

The company is betting a wave of existing PS4 owners, along with new customers, will start adopting the PS5 in the coming months. “Distribution inventories have also renormalized, and we are now able to deliver PS5 to customers without waiting almost all over the world,” Totoki said.

Indeed, you can now find discounts for the PS5 in the US. For example, Amazon isselling(Opens in a new window)theGod of War RagnarokPS5 bundle for $509, down from the original price of $559.

For this past fiscal year, which ended in March, Sony said it sold 19.1 million PS5 units, nearly double the 11.5 million units it sold in fiscal 2021.

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Sales especially picked up steam over the past six months. During the January to March 2023 period, when Sony declared theconsole shortage over, the company’s PS5 sales reached 6.3 million units, “a record high” for PlayStation sales in the fiscal Q4, Totoki added.

In total, Sony has sold 38.4 million PS5s across the globe since the console launched in November 2020. Meanwhile, Microsoft’s Xbox appears to be lagging behind. The company doesn't report console sales, but in February, an analyst firmestimated(Opens in a new window)theXbox Series X/S had sold 18.5 million units compared to the 30 million units for the PS5.