Hardware is slowing but software stays strong.
What you need to know
- Sony has posted its Q1 results for fiscal year 2020.
- The PS4 has now sold over 112.3 million units.
- First-party software bolstered profit for the Game and Network Services Divisio.
Sony has shared its Q1 results for fiscal year 2020. Overall sales reached $18.3 billion. The quarter saw Sony’s Game & Network Services division generate $5.7 billion in sales, with $1.5 billion in operating profit. Additionally, PS4 unit sales have now crossed 112.3 million units sold.
91 million units of PS4 software were sold, with first-party titles accounting for 18.5 million units sold. This number was heavily bolstered by the launch of The Last of Us Part 2 and Ghost of Tsushima in the same quarter, the former of which sold 4 million copies in its first three days and the latter which is the fastest-selling new IP from PlayStation ever.
Sony also noted that 74% of PlayStation games sold in Q1 were digital.
PlayStation Plus subscriptions have risen to 45 million users, though there was no update on the number of PlayStation Now subscribers. Looking ahead, Sony is expecting a 26% rise in sales due to the impending launch of the PS5. Sony is also reportedly increasing production of the PS5 to 10 million by the end of 2020.
Per Bloomberg, the next PS5-related announcement is “tentatively” scheduled for August. Hopefully this means players won’t be going another month without finding out how much the PS5 costs and when it will release. A new State of Play presentation is being held on August 6 but will not feature any major PS5 announcements.
The PS5 is currently scheduled to release at some point in Holiday 2020, with Deathloop, Godfall and Marvel’s Spider-Man: Miles Morales forming known launch window titles.
Our Pick
PlayStation Store Gift Card
- From $10 at Amazon
- From $10 at Best Buy
- From $20 at Walmart
Easy to stock up
PlayStation gift cards are an easy way to grab currency for games, add-ons, themes, and more on the PlayStation Store. They also come in a wide variety of denominations and you can stock up for PS5 games.
PlayStation 5
- PlayStation 5: Everything we know so far
- PS5 vs. Xbox Series X: How they compare
- PS5 Specs: What’s in the next-gen PlayStation
- Will PS4 games work on the PlayStation 5?
