• Latest
  • Trending

Sony says it will ramp up PS5 production to unprecedented levels

27.05.2022

Stocks making the biggest pre-market moves: Tesla, Occidental Petroleum, Exxon Mobil and more – Reuters

05.07.2022

Analyst Warns Of Rising Bitcoin Volatility As Futures Traders Step In Cryptocurrency

05.07.2022
How to Clear Facebook Cache on Android and iPhone

How to Clear Facebook Cache on Android and iPhone

05.07.2022
MasterChef favorite Julie Goodwin is sent home in shock elimination

MasterChef favorite Julie Goodwin is sent home in shock elimination

05.07.2022
A Divided America Can Still Rule the West

A Divided America Can Still Rule the West

05.07.2022
Wall Street layoffs likely to come as two-year hiring boom turns to meltdown – Reuters

Stocks moving the most before market: Tesla, Occidental Petroleum, Exxon Mobil and more

05.07.2022
Records plummet as Joe Root and Jonny Bairstow crush hundreds against India in brilliant England chase victory

Records plummet as Joe Root and Jonny Bairstow crush hundreds against India in brilliant England chase victory

05.07.2022

Hexaware Wins Awards in 17 Categories at the 2022 Hermes Creative Awards

05.07.2022
Man found at Taylor Swift property faces harassment charges |  Associated Press – BusinessMirror

Man found at Taylor Swift property faces harassment charges | Associated Press – BusinessMirror

05.07.2022

Kate Moss wears quirky striped dress as she poses with Elton John – Daily Mail

05.07.2022
Family of 4!  Quentin Tarantino and Wife Daniella Welcome Their Second Child Together – Yahoo Entertainment

Family of 4! Quentin Tarantino and Wife Daniella Welcome Their Second Child Together – Yahoo Entertainment

05.07.2022
Exxon stock jumps bets for record second-quarter profits amid global oil price spike – Reuters

Exxon stock jumps bets for record second-quarter profits amid global oil price spike – Reuters

05.07.2022
Tuesday, July 5, 2022
  • World
  • Economics
  • Sport
    • Basketball
    • Football
    • Nfl
    • Golf
    • F1
    • UFC
  • Technology
  • Culture
    • Arts
  • Media
    • Film
    • Celebs
    • TV
  • LifeStyle
    • Auto
  • Travel
OLTNEWS
  • World
  • Economics
  • Sport
    • Basketball
    • Football
    • Nfl
    • Golf
    • F1
    • UFC
  • Technology
  • Culture
    • Arts
  • Media
    • Film
    • Celebs
    • TV
  • LifeStyle
    • Auto
  • Travel
OLTNEWS
No Result
View All Result

Home » Technology » Sony says it will ramp up PS5 production to unprecedented levels

Sony says it will ramp up PS5 production to unprecedented levels

27/05/2022 02:34:19
in Technology
0
0
SHARES
Share on WhatsappShare on Facebook

Related posts

How to Clear Facebook Cache on Android and iPhone

How to Clear Facebook Cache on Android and iPhone

05.07.2022

Hexaware Wins Awards in 17 Categories at the 2022 Hermes Creative Awards

05.07.2022

Sony PS5

Sony PS5
Photo: Sam Rutherford/Gizmodo

Sony is committed to accelerating PS5 production at “levels that [it has] never reached before” in order to meet the growing demand. In a briefing with investorsJim Ryan, President and CEO of Sony Interactive Entertainment, describes the successes and challenges the company has faced since launching its latest console.

In a recent update, Sony said it sold just 2 million PS5 consoles last quarter, bringing the total to 19.3 million. Not only is this a significant drop from the previous quarter, but it means the company sold 3.1 million fewer PS5 units than PS4 consoles at the same point in their lives.

Sony is encountering bottlenecks in sales not because of a drop in demand, but because of supply shortages caused by the coronavirus pandemic. Demand, in fact, remains high, with Sony claiming that 80,000 PS5 units can be sold in 82 minutes while the same number of PS4s would sell out in nine days. After a year, 55% of consumers surveyed were still interested in the PS5, while only 28% wanted a PS4 for its first birthday.

Sony thinks it can ramp up supply fast enough for the PS5 to overtake the PS4 in sales in its fourth year of release, or 2024. In the meantime, the company will look to multiple vendors “for more great agility in volatile market conditions” to alleviate supply shortages caused by the pandemic and avoid potential “logistics and parts inventory” issues resulting from Russia’s invasion of Ukraine.

Beyond the initial ramp-up, Sony “plans further large increases in console production, taking us to production levels we’ve never seen before,” Ryan said. during an investor briefing.

G/O Media may receive a commission

Apple AirPods Max

Save $70

Apple AirPods Max

Discover next-level sound
Spatial audio with dynamic head tracking delivers cinematic sound that surrounds you

Although Sony isn’t selling as many current-gen consoles, the company is enjoying an increase in game monetization. The PS5 saw a 15% increase in in-game spending compared to the PS4. Game add-ons account for a growing share of that revenue, jumping 247% across all console generations, while the sale of full games fell 21%. Rising subscription revenue also drove an overall increase.

While the PS5 struggles to find its footing, the PS4 continues to defy its age, breaking late lifecycle records. Sony notes that the PS4’s second year there were 36.1 million PS3 users, while the PS5’s second year there are 84 million PS4 users. This success must of course be seen with an asterisk given the very limited availability of the PS5 over these 24 months.

Sony wants to bring more Playstation games to PC and mobile

Regarding its strategy on game releases, Sony has stated that it wants around half of its game releases to be also be on PC and mobile by 2025. This would mark a significant increase from this year, while around a quarter of the company’s releases were on those two platforms. The company is already seeing benefits from expanding beyond its own platform: sales of games like Horizon Zero Dawn, Days goneand God of the warto have leads to a forecast of $300 million in PC sales versus $80 million last year.

“By expanding into PC and mobile, and it has to be said… live services as well, we have the opportunity to move from having a presence in a very narrow segment of the overall gaming software market to having a presence pretty much everywhere,” Ryan said, according to Chronicle of video games.

Other efforts to bring more gamers to PlayStation include the upcoming PS Plus redesign, PSVR 2 Headsetand expansion into other media.

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...

Related

Previous Post

Faraday Future Reports Only Received 401 Pre-Orders For FF 91 Flagship

Next Post

New York Yankees and Tampa Rays use Twitter to raise awareness of gun violence – NPR

Related Posts

How to Clear Facebook Cache on Android and iPhone
Technology

How to Clear Facebook Cache on Android and iPhone

05.07.2022
0

Facebook on Android and iOS collects cache to quickly load frequently visited pages, home feed, and other information into the...

Read more

Hexaware Wins Awards in 17 Categories at the 2022 Hermes Creative Awards

05.07.2022
Apple has been awarded a patent for a possible new AirPods Max smart case form factor – Apple Patented

Apple has been awarded a patent for a possible new AirPods Max smart case form factor – Apple Patented

05.07.2022

Is Samsung struggling to sell its latest TVs? – What Hi-Fi?

05.07.2022

LTE and 5G Private Network Market 2022 Accurate Outlook – Nokia, Ericsson, Huawei, Samsung, Verizon, Fujitsu, Cisco, Vodafone, Qualcomm Technologies, NEC – Designer Women – Designer Women

05.07.2022

Sony Reveals Potential Valkyrie Elysium Release Date – Xfire

05.07.2022
Load More
Next Post
New York Yankees and Tampa Rays use Twitter to raise awareness of gun violence – NPR

New York Yankees and Tampa Rays use Twitter to raise awareness of gun violence - NPR

Recent Posts

  • Stocks making the biggest pre-market moves: Tesla, Occidental Petroleum, Exxon Mobil and more – Reuters
  • Analyst Warns Of Rising Bitcoin Volatility As Futures Traders Step In Cryptocurrency
  • How to Clear Facebook Cache on Android and iPhone
  • MasterChef favorite Julie Goodwin is sent home in shock elimination
  • A Divided America Can Still Rule the West

Archives

  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • EN

© 2020

No Result
View All Result
  • World
  • Economics
  • Sport
    • Basketball
    • Football
    • Nfl
    • Golf
    • F1
    • UFC
  • Technology
  • Culture
    • Arts
  • Media
    • Film
    • Celebs
    • TV
  • LifeStyle
    • Auto
  • Travel

© 2020

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: