Sony Tells Investors It Is Losing Money Selling PS5 Consoles

Selling a staggering 4.5 million consoles in 2020.

By
Gaming
28,394 Hypes 13 Comments

In its recently revealed quarterly report, Sony revealed to its investors that it actually sells the PlayStation 5 at a loss.

According to Sony, the “strategic price point” was used to undercut the Microsoft Xbox Series X/S releasing around the same time. The company offset its losses with gaming sales and other entertainment revenue. Incredibly, the plan paid off with 4.5 million consoles sold in 2020 and $4.6 billion USD in game sales which doubled the $2.3 billion USD generated from hardware sales. Additionally, PlayStation Plus subscription and other network revenue saw a nine percent boost overall.

Unable to manufacture PlayStation 5 consoles to meet the overwhelming demand, Sony is showing signs of a major Q4 after bringing in a record $10 billion USD profit in Q3 with all its segments with sales and operating income up 9.5 and 20 percent, respectively.

In case you missed it, Chaos recently erupted over a Sony PlayStation 5 sale in Tokyo.

Read Full Article

What to Read Next

Sony Reveals the Next-Gen PS5 VR Controller
Gaming

Sony Reveals the Next-Gen PS5 VR Controller

The device will roll out across the development community soon and adapt insights from the DualSense controller to its form factor.

Sony PlayStation 5 Sets Record for Fastest-Selling Console Ever
Gaming

Sony PlayStation 5 Sets Record for Fastest-Selling Console Ever

Also now the fastest-selling hardware platform.

Sony Confirms It Will Restock the PS5 Before the End of the Year
Gaming

Sony Confirms It Will Restock the PS5 Before the End of the Year

All hope is not lost.


Sony To Roll Out SSD Storage Expansion and Unlock Higher Cooling Fan Speed for PS5
Gaming

Sony To Roll Out SSD Storage Expansion and Unlock Higher Cooling Fan Speed for PS5

To deal with the size of next-gen games.

DJ Khaled Reveals CLOT x Nike Air Max 1 "Kiss of Death" Re-Release
Footwear

DJ Khaled Reveals CLOT x Nike Air Max 1 "Kiss of Death" Re-Release

Following rumors last year.

The Weeknd Announces Massive 'After Hours' 2022 Global Tour
Music

The Weeknd Announces Massive 'After Hours' 2022 Global Tour

Spanning a total of 104 dates across Canada, U.S., U.K. and Europe.

Dior's Newest Atlas Sandal Launches in "Beige/Black"
Footwear

Dior's Newest Atlas Sandal Launches in "Beige/Black"

Packaged with Dior’s signature Oblique Jacquard patterns and rope-like footbeds.


Behold Tiffany & Co.'s Vince Lombardi Trophy Ahead of the Super Bowl
Design

Behold Tiffany & Co.'s Vince Lombardi Trophy Ahead of the Super Bowl

Handcrafted by silversmiths for over 50 years.

Incorp[HER]ated and Diadora Unveil Duratech Elite "LIMITLESS" Collaboration
Footwear

Incorp[HER]ated and Diadora Unveil Duratech Elite "LIMITLESS" Collaboration

Designed by middle and high school students from Incorp[HER]ated’s 2019 Straight to Feet workshop.

Yohji Yamamoto Adds Ghillie Lacing to Dr. Martens' 1461
Footwear

Yohji Yamamoto Adds Ghillie Lacing to Dr. Martens' 1461

Simultaneously adding jagged ridges to the upper and sole.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.