Sony Interactive Entertainment announced that the PlayStation 5 (PS5) gaming console has sold over 10 million units since its launch in November 2020, making it the company’s fastest-selling console. The pandemic-driven demand and upgraded features such as a solid-state drive and haptic feedback through its DualSense controller have contributed to the success of the PS5. Sony’s gaming division, which competes with Microsoft’s Xbox and other gaming services, has been a key contributor to the company’s earnings, with the PS4 selling over 116 million units worldwide. Sony hopes to continue driving growth with the launch of anticipated games such as “Horizon Forbidden West” and “God of War Ragnarok.”
Sony’s PlayStation 5 Surpasses 10 Million Units Sold
Introduction
Sony Interactive Entertainment, the video game division of Sony Corporation, announced on July 28, 2021 that its PlayStation 5 (PS5) gaming console has exceeded 10 million units sold since its launch in November 2020. This milestone makes the PS5 the fastest-selling console in the company’s history.
Details
The PS5 was launched amid the COVID-19 pandemic, which heightened demand for gaming and entertainment products as people around the world stayed home to prevent the spread of the virus. In addition, the console boasts advanced features such as a solid-state drive for faster game loading times, 3D audio support, and haptic feedback through its DualSense controller, making it a major upgrade from the previous generation PlayStation 4 (PS4) console.
Sony’s gaming division has been a key contributor to the company’s earnings, with the PS4 selling over 116 million units worldwide. The success of the PS5 is expected to drive growth in Sony’s gaming business, which competes with Microsoft’s Xbox gaming console and gaming services such as Google Stadia and Amazon Luna.
Statements
“We are thrilled to announce that we have sold more than 10 million PlayStation 5 consoles globally,” said Jim Ryan, president and CEO of Sony Interactive Entertainment. “We are grateful for the tremendous support from gamers around the world, and we want to thank everyone for making this possible.”
“PlayStation has been a core part of the entertainment and gaming industry for over 25 years, and the PS5 represents a major evolution of the brand,” Ryan added. “We are excited about the future of gaming and will continue to deliver innovative experiences for players on PlayStation platforms.”
Conclusion
The PS5’s success has been a bright spot for Sony, which has faced challenges in its other businesses such as smartphone manufacturing and digital cameras. With the launch of highly-anticipated games such as “Horizon Forbidden West” and “God of War Ragnarok” coming soon, expectations are high for continued growth in the PlayStation business.