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PlayStation 5 Surpasses Xbox One in Lifetime Sales but Falls Short of Sony’s Revised Yearly Target.

The PlayStation 5 has already sold over 59.2 million units since launch, surpassing the Xbox One in terms of lifetime sales, according to Sony’s financial report for the fourth quarter of its fiscal year. Sony’s revised sales target for the quarter was not met by the console, though.

Sony had predicted that it would sell 25 million PS5 systems in its fiscal year, but due to lower-than-expected sales, the company could only make up the difference by selling 10 million PS5 consoles in the last quarter. Sony reduced its annual objective to 21 million units after realizing that it would never be possible to achieve it.

With 4.5 million PS5s sold in Q4, the annual total now stands at 20.8 million, falling only 200,000 short of Sony’s updated goal. In addition, it represented a decrease of over 2 million units from the 6.3 million consoles sold in the same quarter of the previous year.

Sony forecasts 18 million in sales for the current fiscal year throughout the course of the twelve months. With that, the lifetime total would rise to 71.2 million, surpassing the NES and falling short of the Nintendo 3DS (75.94 million). While the PlayStation 4 sold 117.2 million units in its lifetime and the PS5 would still be far behind, the PlayStation 5 Pro is anticipated to be released later this year.

Additionally, Sony disclosed that in the first 12 weeks following its release, Helldivers 2 sold 12 million copies on the PlayStation 5 and PC—an astounding 1 million copies every week. As a result, it is now the fastest-selling PlayStation game ever for Sony. After a widespread protest, Sony removed the need for PC users to log into a PSN account, which caused a great deal of controversy surrounding the game.

Sony stated that their operating profits for FY 2023 decreased by 7% year over year. The corporation said that the primary cause of the declining profit was its financial services division. The operational income of the imaging and sensing solutions sector also decreased annually, decreasing by 9%.

Hideaki Nishino and Hermen Hulst, two seasoned executives, were appointed co-CEOs of PlayStation by Sony prior to the release of the financial results. Hulst will lead the studio business group at Sony Interactive Entertainment (SIE), and Nishino will take over as CEO of the platform business group. A few months have passed since Jim Ryan, the longtime leader of PlayStation, retired.

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