Sony PS5 sales fall off a cliff amid memory shortages
Key takeaways
- Engadget Amid a memory shortage that forced it to raise PS5 prices twice in less than a year, Sony sold just 1.5 million PS5s in its fourth fiscal quarter, down 46 percent from the year before.
- Overall, Sony's gaming division revenue was up slightly for the entire fiscal 2025 year with sales of 4.69 trillion yen ($29.9 billion) compared to 4.67 trillion yen ($29.8 billion) the previous year.
- Some of Sony's revenue and profit issues this year were down to impairment losses with Bungie due to Destiny 2's poor sales.
Engadget Amid a memory shortage that forced it to raise PS5 prices twice in less than a year, Sony sold just 1.5 million PS5s in its fourth fiscal quarter, down 46 percent from the year before. The company was relatively gloomy about its gaming division's prospects next year too, forecasting that revenue would fall six percent ($1.69 billion).
Overall, Sony's gaming division revenue was up slightly for the entire fiscal 2025 year with sales of 4.69 trillion yen ($29.9 billion) compared to 4.67 trillion yen ($29.8 billion) the previous year. Operating income was up 12 percent to 463.3 billion yen ($2.95 billion), thanks in part to an increase in PlayStation Network sales.
Some of Sony's revenue and profit issues this year were down to impairment losses with Bungie due to Destiny 2's poor sales. Without those charges on its back next year (plus the expected blockbuster launch of Grand Theft Auto VI in November), the company expects a 30 percent boost in profits for its next fiscal year despite the revenue drop.