PS4 sales continue to decline as PS+ users and at-home digital game sales surge

Bottom line: Sony’s first-quarter financials are about what one would expect with the company about to head into its maiden voyage in next-generation waters. PlayStation 4 sales were down, games sales and PlayStation Plus subscriptions were up, and digital game sales beat brick-and-mortar 74 percent to 26 percent, respectively. Companywide sales and operating income are up by two percent year-on-year.

On Monday, Sony published its Q1 results for the 2020 fiscal year (April 1 – June 30). It looks pretty good overall for the company with consolidated sales and operating income reaching nearly 2 trillion yen ($19 billion US). That is a two-percent uptick year-on-year.

In what is the last stretch of its manufacturing cycle, PS4 sales were understandably down, selling only 1.9 million units—a 40-percent decline YoY. Although unit sales did not improve its ranking, at 112 million lifetime sales, the PS4 is still the second best-selling full-sized video game console of all time trailing only behind the PlayStation 2. If you include handhelds, PS4 lags about 6 million units behind third-place Game Boy and Game Boy Color.

Despite the expected dip in hardware sales, subscriptions to Sony’s PlayStation Plus were up significantly, adding 3.5 million new users, bringing its base to 45 million subscribers. Global lockdowns have likely contributed to the increase, and the $1,200 COVID-relief checks issued in the US probably prompted many stay-at-home workers to splurge on the $60-per-year subscription.

PS4 sales continue to decline as PS+ users and at-home digital game sales surge 1

The pandemic is also likely for physical game purchases to be down while digital sales were up. Nearly three-quarters of game sales were from the PlayStation Store as opposed to retail outlets (74- to 26-percent).

Since Sony has not even opened the PlayStation 5 for pre-orders, it is no surprise that it had no numbers or forecasts for PS5 sales. However, the report does mention that the next-gen hardware will not be delayed.

“Regarding the launch of PlayStation 5, although factors such as constraints due to employees working from home and restrictions on international travel remain, necessary measures are being taken and preparations are underway with the launch of the console scheduled for the 2020 holiday season. At this time, no major problems have arisen in the game software development pipeline for Sony’s own first-party studios or its partners’ studios.”

Sony forecasts that game and network services will increase significantly after the PlayStation 5 launch, but that those gains will leave operating income flat due to the increased expenses incurred during the console debut. Next-gen hardware is typically sold at a loss in the beginning, so this is not surprising.

Image credit: Dark-Lit PS Logo by Djordje Novakov, PlayStation 5 by Aldeca Productions

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Crypto Scams

The Largest Crypto Scams Of 2022 (So Far)
The Largest Crypto Scams Of 2022 (So Far)
June 14, 2022
How Do Scammers Entice Their Prey?
May 10, 2022
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022
Mintable CEO Zach Burks Talks to Us about the Opensea Stolen NFTs and Their Recovery
March 21, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
The Unconventional Guide to Ethereum
October 28, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin21,470 0.13 % 0.58 % 4.87 %
Ethereum1,242.2 0.14 % 0.25 % 14.19 %
Tether1.001 0.04 % 0.13 % 0.01 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
BNB239.48 0.15 % 0.86 % 10.79 %
XRP0.3678 0.24 % 0.69 % 14.11 %
Binance USD1.002 0.24 % 0.04 % 0.09 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Solana42.27 0.12 % 0.82 % 36.93 %
Polkadot8.120 0.09 % 1.80 % 10.86 %

Bitcoin (BTC) $ 21,483.00
Ethereum (ETH) $ 1,244.34
Tether (USDT) $ 1.00
USD Coin (USDC) $ 1.00
BNB (BNB) $ 239.74
XRP (XRP) $ 0.367963
Binance USD (BUSD) $ 1.00
Cardano (ADA) $ 0.498888
Solana (SOL) $ 42.40
Polkadot (DOT) $ 8.14