PS5 Breaks Sales Records During Holiday Season 2024

Overview of PS5 Sales Performance

• Q3 FY2024 Sales: PS5 units sold reached 9.5 million from October to December 2024, reflecting a year-on-year increase of 1.3 million units.
• Total Sales Milestone: Overall PS5 sales now exceed 75 million, and the PlayStation division reported a remarkable 37% increase in profits compared to the previous year.
• User Engagement: Monthly active users for PlayStation services have risen by 5% year-on-year, with Sony projecting a 2% profit growth for the entirety of FY2024.

Sony has announced exceptional sales figures for the PlayStation 5 during the holiday quarter of October to December 2024. This positive report is complemented by an increase in monthly active users and a significant rise in revenue for its gaming division.

Since its debut in 2020, the PS5 has consistently outperformed its closest competitor, the Xbox Series X/S, in sales. The current generation console’s sales trajectory closely mirrors that of its predecessor, the PS4. Notably, Sony disclosed last year that the PS5 has generated higher profits than any console in its history. The latest data for the 2024 holiday season reinforces this trend, showcasing impressive growth.

Official Sales Data for Holiday 2024

• Units Sold in Q3 FY24: 9.5 million
• Total PS5 Sales: 75 million

While it remains unclear how well the $700 PS5 Pro version is performing in the market, Sony has indicated that the PS5’s shipment numbers align with its target of 18 million units sold by the end of March 2025. Additionally, monthly active users across PlayStation services have increased to 129 million, a 5% boost from the previous year. This growth sustains the momentum of Sony’s gaming division, which achieved an impressive $30.8 billion in revenue throughout 2024, slightly surpassing the combined revenues of Xbox and Nintendo.

Despite some setbacks, such as the cancellation of two live-service games, the future looks bright for Sony’s gaming division. Given the remarkable performance during this period, the company has raised its profit forecast for FY2024 by 2%.Anticipation surrounds high-profile upcoming game releases such as Grand Theft Auto 6, Ghost of Yotei, and Death Stranding 2: On the Beach, which are expected to contribute to further financial success.

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