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Sony has achieved another significant milestone with over 40 million PlayStation 5 consoles sold since its launch in November 2020.
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Approximately 8 million PS5 units were sold within the first few months of this year, showcasing strong ongoing demand.
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While this year's holiday sales didn't surpass the record-breaking 7.1 million units sold in the previous year, Sony assures that inventory is now "well-stocked" to meet demand.
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The PS5 reached 10 million units sold within its first eight months, becoming Sony's fastest-selling console ever, partly benefiting from its launch during a time when people were at home due to the early pandemic.
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Even after the holiday season, the PS5 continues to maintain its sales pace, indicating sustained interest from consumers.
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Sony has previously shipped over 117 million PS4s and nearly 157 million PS2s, setting high benchmarks that the PS5 aims to surpass in the long run.
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Nintendo's Switch, with nearly 123 million units sold by the end of 2022, represents formidable competition for Sony in the current-gen market.
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The introduction of more PS5-exclusive games, such as the highly anticipated Spider-Man 2, contributes to the system's appeal.
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Late 2023 holds the potential for increased sales with the release of PlayStation VR2 and the Project Q streaming device, which could act as system-selling accessories.
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While Sony's future sales momentum is uncertain, the combination of a strong game catalog and enticing hardware offerings provides the foundation for a successful year ahead.