I don't think the sky is falling yet for their first-party. In 2023 there was a huge game, two VR games, and MLB. There's already multiple titles confirmed for 2024 and several announced titles with no release dates.
Let's see how 2024 pans out and then I'll be really concerned if it's similar to 2023.
Sony sadly doesn't tend to publish mid to smaller games anymore, they're focused largely on live-service multiplayer and cinematic games. Sony knows it's not going to ride or die on a steady stream of first-party titles. They're closing in on 50 million consoles sold even after first-party releases that aren't ports or remasters were light in 2021 and 2023 in particular. 2020 started strong in options at launch, and 2022 was pretty strong with the options of Horizon, GT7, and God of War.
Lifetime Sales Predictions
Switch: 161 million (was 73 million, then 96 million, then 113 million, then 125 million, then 144 million, then 151 million, then 156 million)
PS5: 115 million (was 105 million) Xbox Series S/X: 48 million (was 60 million, then 67 million, then 57 million)
PS4: 120 mil (was 100 then 130 million, then 122 million) Xbox One: 51 mil (was 50 then 55 mil)
3DS: 75.5 mil (was 73, then 77 million)
"Let go your earthly tether, enter the void, empty and become wind." - Guru Laghima
