Sony’s PS5 sales plummet amid price rises and a memory crisis
Tom Warren is a senior correspondent and author of Notepad, who has been covering all things Microsoft, PC, and tech for over 20 years.
Sony sold just 1.5 million PS5 consoles in its most recent fourth fiscal quarter, down 46 percent year-over-year. The slump in PS5 sales comes after Sony raised the price of its PS5 consoles twice over the past year, pushing the price of the regular PS5 from $499.99 all the way up to $649.99.
Sony blamed “continued pressures in the global economic landscape,” for the price hikes in March, amid an ongoing memory crisis and pressure from the war in Iran. Sony now forecasts that annual gaming revenue will drop six percent, but these forecasts could be impacted by ongoing memory costs. “We plan to base our PS5 hardware sales in FY26 on the volume of memory we can procure at reasonable prices and we expect...
Copyright of this story solely belongs to theverge.com. To see the full text click HERE
