During the first half of the fiscal year, Sony has managed to transfer 5.7 million PS5s, a figure that is still far from the 18 million that it plans to distribute until March 2023. Despite this, the company maintains its prediction and that means that expects to place 12.3 million units over the next six months (from October 2022 to March 2023). In other words, Sony is confident of having a very strong Christmas campaign thanks to launches. first-party like God of War: Ragnarok and third party like Call of Duty: Modern Warfare II.
The demand is there, but what about the consoles? At this point, it should be noted that according to the results, the value of the stock of the Game & Network Services division where PlayStation is located is 412.5 billion yen (2.8 billion euros), while a year ago it was 125.3 billion. yen (855 million euros). This possibly means that Sony has a generous inventory of PlayStation 5 that will be distributed throughout the stores during the second half of the year to cover the peak of demand.
Regarding software, during the second quarter PS4 and PS5 sold 62.5 million games compared to 76.4 million a year ago. The ratio of digital titles rises one point and stands at 63%. As for services, the renewed PlayStation Plus adds 45.4 million subscribers, 1.8 million less than a year ago, while PlayStation Network registers 102 million active users per month, a year-on-year decrease of 2 million. Still, Sony’s revenue from these services was up 17% from a year ago.
Finally, it should be mentioned that Game & Network Services’ quarterly revenue was 720.7 billion yen (4.9 billion euros), 12% more than a year ago, but operating income has fallen by almost 50% to 42,100 million yen (288 million euros). Sony explains this decline by the cost of acquisitions, such as Bungie’s for $3.6 billion, and game development.