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Kyuu said:

One thing that caught my attention is Sony's latest revenue forecasts showing some annual decreases in hardware revenue for the next few years. I guess hardware sales can still increase despite the decrease in revenue, via a combination of price drops and pushing more PS5DE's. But unless Sony is underestimating demand or overestimating the shortage, it doesn't look like PS5's peak year will approach 22 million.

I also don't see why Sony would drop the PS5 price anytime soon. Their HW revenue forecasts don't seem to match their HW sales expectations. Or at least that's how I felt about it, maybe I miscalculated.

I think that would explain the decrease in hardware revenue in the coming years. PS5DE's are even more scarce than regular PS5's. It's also worth mentioning that Sony is projecting a 7B increase for revenue in FY22 driven by hardware and peripherals.