What happened now? Sony is the latest company to feel the post-lockdown effect. The Japanese giant revised its full-year profit forecast amid weaker software sales, which fell 26% year-over-year due to a lack of major PlayStation releases in 2022.

- Advertisement -

In their latest earnings reportSony cut its profit forecast for the year by 16 percent from the 305 billion yen ($2.3 billion) it forecast in May to 255 billion yen ($1.9 billion). Part of this amount is $3.7 billion. acquisition of Banguibut it’s also the result of an “expected decline in in-house game sales”. edge notes that while excellent PlayStation Horizon exclusives Forbidden West and Gran Turismo 7 did arrive in 2022, they had to compete with the multi-platform Elden Ring.

- Advertisement -

Sony sold 47.1 million games in the quarter ended June 30, 2022, 6.4 million of which were first installments. This is a significant decrease from 63.6 million games and 10.5 million in-house games that moved in the same quarter a year earlier.

It was also bad news for the PlayStation Network, which dropped to 103 million monthly active users, down 3% from the previous year’s 105 million. There were 47.3 million PSN subscribers. This is an increase year-on-year from 46.3 million, but less than the 48 million reported in the third quarter of fiscal 2021.

- Advertisement -

The PlayStation 5 console, meanwhile, grew just 4% year-on-year in the quarter to 2.4 million units, bringing total lifetime sales to 21.7 million. So the console’s lifetime sales are about the same. level as the Nintendo GameCube.

The report also shows that digital versions of games continue to take more sales away from their physical alternatives. This quarter, 79% of PlayStation games were sold digitally, up 11% from the previous year, driven only by the PS5 digital version. The industry has been moving in this direction for years, affecting retailers such as game stop.

Sales of Sony games before the end of the year should increase. In addition to the launch of the God of War Ragnarok remake and The Last of Us Part 1, we can expect the usual spike in sales over the holiday season. But Sony will hope it can keep up with the still high demand for PS5 consoles. “The offer wasn’t enough. […] demand has not fallen. We really need to meet the demand, and that’s the main thing,” Sony CFO Hiroki Totoki said during a telephone conversation with an investor.