Briefly: PlayStation 5 consoles usually are not promoting in addition to Sony predicted proper now. The Japanese tech big expects to promote 4 million fewer PS5 models than forecast in its subsequent monetary yr, which runs from April 2024 to March 31, 2025. It additionally confirmed that there can be no sequels or updates to its “main current franchise titles” throughout this time.

Sony’s gaming division generated a report quantity of income through the three months ending December 31, 2023 – its third fiscal quarter. The corporate offered 8.2 million PlayStation 5 consoles, elevating the lifetime complete to 54.7 million. The PS5 is now fifteenth on the record of best-selling consoles of all time, sitting between the SNES (49.1 million) and Xbox One (58 million).

However the PlayStation 5’s gross sales for the monetary yr to this point are 16.4 million, which implies it might must promote virtually ten million extra models within the ultimate quarter to achieve Sony’s authentic goal of 25 million. As such, the corporate has revised its yearly goal down by 4 million to 21 million models.

The unique PlayStation 5 mannequin will not be offered as soon as current inventory is used up, leaving the Slim mannequin that launched in November as the only real PS5.

Sony has additionally revised its fiscal yr gross sales forecast for the gaming division, decreasing it by 210 billion yen to 4.15 trillion yen. That is partly attributed to a lower in first-party gross sales and losses from {hardware} as a consequence of promotions.

PlayStation 5 house owners trying ahead to new video games associated to current first-party titles corresponding to God of Warfare or Spider-Man arriving earlier than April subsequent yr had their hopes dashed by Sony. “Concerning first-party software program, we intention to proceed to give attention to producing high-quality productions and producing dwell service video games. However whereas main tasks are at the moment underneath growth, we don’t plan to launch any new main current franchise titles subsequent fiscal yr,” the corporate mentioned.

That does not imply there can be no new IPs, in fact, simply no sequels to first-party titles.

There was some excellent news for Sony in its quarterly monetary report. The PlayStation Community’s month-to-month energetic customers reached a report excessive of 123 million, up 11 million YoY, and total software program gross sales for the PS5 and PS4 have been up 3.2 million to 89.7 million. It was one other quarter the place the share of digital-edition gross sales elevated, as much as 66% in comparison with 62% the earlier yr.

Sony is reportedly set to launch the PlayStation 5 Professional later in 2024. In keeping with rumors, it should provide a 50% to 60% improve in rasterization efficiency whereas doubling ray tracing efficiency. The Professional mannequin can be anticipated to function hardware-based upscaling tech just like DLSS.