Almost a year after its release, Sony announced that the PS5 is finally making money for it. Sony CFO Hiroki Totoki broke the news yesterday when announcing the company’s first quarter of fiscal 2022 results.
November 19, 2021 will mark the first anniversary of the PlayStation 5. According to Hiroki Totoki, Sony’s CFO, the console is finally making money from the Japanese firm, nearly eight months after its international release. The news broke yesterday during the company’s first quarter of fiscal 2022 results. Still, Sony says the console shortage will last until 2022 and the stockouts are set to continue.
The PS5 finally profitable despite the shortage and its young age
Sony wanted to clarify this information by adding that the digital edition of the PS5 at € 399 – which will benefit from a new model in Japan – was still selling at a loss. But that it would be ” soon offset by other sales of equipment ”, Including the PlayStation 4 and other accessories.
In fact, Sony sold 2.3 million PlayStation 5s during the quarter. Global PS5 shipments have now reached 10.1 million units. A clear, clean and precise recovery of the situation as Sony claimed that the console was selling at a loss last February.
In its forecast for fiscal 2021, Sony expects to sell more than 14.8 million consoles in this fiscal year and 22.6 million consoles by the end of March 2022. As pointed out by Niko Partners analyst Daniel Ahmad, this number is slightly higher than the 22.4 million PlayStation 4s sold over the same period.
In order to give a clear and concise picture of its financial situation, the Japanese company shares a lot of data relating to its figures and its investors and other analysts. Unlike Microsoft, which stopped reporting Xbox sales years ago to focus on its active users. There are rumors, however, that Microsoft is still selling its Xbox Series X and Xbox Series S consoles at a loss.