Sony Continues to Struggle with PS5 Stock Despite Selling Over 19 Million Units

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In its fiscal year 2021 financial results ending March 31 2022, Sony announced it shipped 2 million PlayStation 5 consoles in the last quarter, bringing its worldwide shipment to a total of 19.3 million units to date. Despite the total shipment numbers, Sony shipped fewer PS5 units in the same period last year when it shipped 3.3 million consoles.

Sony recorded a 3.1 percent increase in game sales year-on-year, bringing in ¥2.7 trillion ($20.7 billion). Operating income for the fiscal year however increased by 1.2 percent compared to the 2020 fiscal year with a figure of ¥346 billion ($2.6 billion).

Games had the most growth in the hardware segment with revenue reaching ¥840 billion ($6.4 billion), a 9.5% increase over the previous year. Sony’s network services revenue increased by 6.8% to ¥409 billion ($3.1 billion), while digital software and add-on content went down by 2% to ¥1.42 trillion ($10.8 billion).

For games, Sony was able to sell 43.9 million copies of first-party PlayStation titles out of the total 303.2 million units sold across the PS4 and PS5 for the fiscal year 2021. More customers seem to be embracing digital games with downloads slightly on the rise accounting for 66% of all software sales, compared to 65% the previous year.

In summary, it was a good year for Sony with the company recording a 26 percent increase in operating income, reaching ¥9.9 billion ($759 billion). Sony Pictures division which is behind some of the top movies this year including Uncharted starring Tom Holland brought in the most revenue with a 64 percent increase year-on-year in sales.

The PS5 remain hard to get and Sony has now sold 3.1 million units less compared to the PS4 during the same period of its lifecycle. Sony will be able to draw in more subscribers and bring in more revenue through its revamped PlayStation Plus subscription.

Posted by Biodun

Passionate about Technology and everything concerning it. Avid Gamer and Music Lover. Loves Chelsea FC. Overall, a nice guy. Find me on Instagram and Twitter.

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