Sony Makes It All But Official: The PS5 Is Slowly Riding Off into the Sunset

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For fans of Sony and the PlayStation brand, Valentine’s Day 2024 was anything but a lovely day.

On Wednesday, Sony dropped its “Q3 FY2023 Consolidated Financial Results” (the report encapsulates Sony’s business from Sept. 31, 2023, to Dec. 31, 2023) and the information offered doesn’t provide the rosiest outlook for Sony and its PlayStation 5, as well as other tech ventures.

One of the first pieces of information in the report: The PS5 sold well enough… but failed to hit some lofty expectations.

“PS5 hardware unit sales in the quarter were 8.2 million units, which fell short of the target to hit our annual shipment target of 25 million units, but was a record high number of quarterly unit sales for PS5, and PS5 cumulative sales have exceeded 50 million units,” the report stated.

It further added: “Based on the results for this quarter, PS5 unit sales for this fiscal year are expected to be around 21 million units.”

Okay, so the PS5 didn’t sell as well as expected by about four million units… but the bad news doesn’t stop there.

When the report broached the outlook for the PS5 in the coming year, Sony’s report made it clear that its latest home console system would be slowly — but surely — trudging into the sunset.

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