Sony reported its earnings this week, announcing sales numbers for the newly released PlayStation 5 console. Let’s just say, Sony is doing rather well.
The company confirmed it shipped a total of 5.9 million PlayStation consoles during the October-December quarter. 4.5 million of those consoles sales were from the PS5, with 1.4 million being PS4 sales. Sony also confirmed that every PS5 sold was sold at a loss, but that is common for a few years after a new console release.
The loss is due to components for the consoles being so expensive at the start. Sony will eventually make money off of the PS5, but software and services are where they gain most of their profit.
Sony is on track to sell 7.6 million PlayStation 5’s by the end of the fiscal year. The shortages have been acknowledged by Sony, but it isn’t limited to just he PS5. The company has promised to “do everything in our power” to make more PlayStations available.
Sony’s software sales totaled 103.7 million PS4 and PS5 games for the period, with 18.4 million of those being first-party titles. Digital sales made up a large portion of the software sales for 2020, 63% to be exact.
Spider-Man: Miles Morales was a top-selling game during the October-December period, pushing 4.1 million units. The original Spider-Man sold more than 13 million copies, leaving the franchise more than 17 million sold copies.
Overall, Sony’s gaming division revenue was 883.2 billion yen, up 40%, with profit of 80.2 billion yen (up 50%).
Sony also shared some numbers on their services. PlayStation Plus subscribers reached 47.4 million, with subscription/ network revenue (including PS Plus, PS Now, PSN advertising, etc.) reached 3.5 billion in 2020.
Special credit to Niko Partners Daniel Ahmad for supplemental details and insights via Twitter.