×
You will be redirected back to your article in seconds

PlayStation 4 Sales Slow as Console Nears 92 Million Sold

Profit for Sony’s gaming business dropped 14%, down to 73.1 billion yen, in the company’s third quarter which ended in December compared to the same period last year, thanks to a significant slowdown of PlayStation 4 sales, the company reported Friday.

“Hardware sales dropped to 8.1 million units in the quarter, but that’s meeting our expectations for a console entering its sixth year,” chief financial officer Hiroki Totoki said in the earnings briefing. He added that the drop in PlayStation 4 sales were offset by strong software sales for the quarter.

While sales for the console slowed, Sony remains upbeat about its games business primarily because of the massive install base, with more than 91.6 million sales of the PS4 to date and the system’s monthly active users exceeding 90 million.

The PlayStation Plus subscribers count also continues to increase with 36.3 million members as of December, up from 31.5 million compared to December 2017.

Totoki said that the company plans to try an mitigate the volatility created by the “console cycle” going forward by leveraging that massive customer base.

Speculation about when the company will announce its next console — likely named the PlayStation 5 — has been stoked by news that for the first time in the 24-year history of E3, Sony Interactive Entertainment won’t be attending the show.  Sources say the company simply doesn’t have enough games for the PS4 to warrant an appearance or press conference.

Sony officially said it wants to “experiment with new ways to delight gamers,” and that it is “exploring new and familiar ways to engage our community in 2019 and can’t wait to share our plans with you.”

The company also canceled its PlayStation Showcase which was expected to be held late last year.

Overall, Sony had a strong third quarter, reporting $3.78 billion of net profit with revenues of $21.3 billion.

More Gaming

  • Echo Fox Owner Rick Fox to

    Echo Fox Owner Rick Fox to Leave Organization Over Racism (Report)

    Actor and former Los Angeles Lakers player Rick Fox is leaving Echo Fox, the esports organization he currently owns, after a shareholder allegedly used racist language in an email exchange, according to Dexerto. In an email to all major stakeholders sent on Apr. 19, Fox said he intends to leave the organization as soon as [...]

  • ‘Peaky Blinders’ Virtual Reality Game in

    ‘Peaky Blinders’ Virtual Reality Game Will Pitch Players Into the Action

    “Peaky Blinders” fans will be able to join the gang – virtually – in a new VR game that will allow players to interact with characters from the hit series. Start-up immersive studio Maze Theory teamed with the show’s producers and is making the game, which will launch in 2020. Artificial intelligence technology means characters [...]

  • 'Persona 5 Scramble: The Phantom Strikers'

    'Persona 5 Scramble: The Phantom Strikers' Coming to Nintendo Switch and PS4

    “Persona 5 Scramble: The Phantom Strikers” is the next title in the long-running series from Atlas and Koei Tecmo, which re-imagines “Persona 5” as a “Dynasty Warriors”-style beat-’em-up for Nintendo Switch and PlayStation 4. The game was announced on Thursday in a teaser trailer which showed protagonist Joker battling alongside his persona at the famed [...]

  • 'Farming Simulator 19' Boosts Focus Home

    'Farming Simulator 19' Boosts Focus Home Interactive Financial Results

    “Farming Simulator 19” played a significant role in lifting publisher Focus Home Interactive’s 2018-2019 financial results, with over two million copies sold in since last January. The game publisher released its financial results on Thursday, showing a strong Q4 (from January 2019 through to March) with quarterly revenue up $16 million and growth of 134% [...]

  • Magic Leap Donates 500 Headsets to

    Magic Leap Donates 500 Headsets to Epic Games' MegaGrants Initiative

    Magic Leap is donating 500 Magic Leap One Creator Edition headsets for Unreal Engine development via Epic Games’ MegaGrants program, it announced on Thursday during Unreal Engine Build: Detroit ’19. Under the MegaGrants program, developers can apply to receive a Magic Leap One device, free of charge, by filling out an online submission. There is [...]

  • Respawn: We're 100% Committed to Long-Term

    Respawn: We're 100% Committed to Long-Term Growth of 'Apex Legends'

    Developer Respawn Entertainment said it’s “100% committed to the long-term growth” of its new battle royale game “Apex Legends” in an open letter to the community on Thursday, even as it admitted the title’s rapid growth left the team some clear challenges. “To say that the launch of ‘Apex Legends’ exceeded our expectations would be [...]

  • Mixer Introduces AI-Powered Mixer Loot Feature

    Mixer Introduces AI-Powered Mixer Loot Feature

    Mixer is introducing a Mixer Loot, an AI-powered rewards experience in which Mixer users can earn in-game content by catching Mixer streams. Mixer Loot is a new way for viewers to earn content while watching their favorite streamers. It utilizes the same kind of AI-powered tech as HypeZone to scan streams on the platform and [...]

More From Our Brands

Access exclusive content