Decent results for PS5. The difference with PS4 shipments is expected considering at this point launch aligned the PS4 Pro was out for about 7 months or so.

Other thing I noticed. Comparing FYQ1.23 with FYQ1.24

Increase of software revenue is coming from ingame-sales (DLC, micro-transactions, etc) and from software sales on PC (category 4&5*) .

Traditional physical and digital sales on Playstation decreased (category 2&3*)

* Source page5: https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/24q1_supplement.pdf

ps. Just noticed that Sony calls this financial year FY24, where Nintendo calls this financial year FY25. Got me a little confused there.

Considering how much more expensive the PS5 is than the PS4 was at this point in its life I'd say 2.4m is good though definitely not great. It's doing better than the PS4 in the US and similar to it in Japan so it's mainly Europe that's causing the decline which is a big deal since that region is not gonna be the strongest for Playstation this time and other ones aren't gonna do enough to pick up the slack.

Things should improve soon though since the the release of the PS5 Pro till GTA 6 should be a strong stretch for the console and in general it has potential to keep up better the next fiscal year. For the meantime though it is noteworthy that both Xbox and Playstation are declining and prices will a major reason for that but I imagine the growth of PC is contributing as well since the former is declining but the latter only seems to be benefiting from that in the US.

I also wonder how much of the notable increase YoY for PlayStation Network users is due to them pushing that on PC. I would guess at least a lot of it since I dunno why it'd increase that much otherwise and them not sharing the amount of PS+ subscribers is telling though the likely decline in that was probably worth the money they're getting from the price increase.

Good results considering the price of the PS5. Hardware sales are still on track to meet FY24 projections.

Operating income, MAU, and revenue are all higher YoY.

I've gone and adjusted our PS5 estimates and we now have it at 59.3M lifetime for a gap of 2.3M. That is down from a gap of 2.7M-3.7M (according to Sony's data) at the end of March. 

Isn't that very little? the switch difference is only 2 million units. Considering its numbers, the PS5 would take 3 months to reach 61.7 million consumers.

PS5 is selling more than the Switch so the gap for PS5 being a little higher to make up the difference in sales IMO makes sense. 

Hopefully Sony announces the PS5 selling 60M lifetime. In the past they've announced every 10M sold for PS5 1 to 2 weeks after it hit the milestone. So even if they announce 60M in the next week or so that means it hit the milestone at the end of July or beginning of August. Given its current sales VGC estimates will have it hitting 60M at the end of July.

As always we will do more adjustments once more data becomes available.

Games are not the issue. The issue is the price. It needs to come down by $100. With this in mind, the PS5 is doing far better than it should. The PS5 is at least 25% more expensive than the PS4 when aligned but yet the sales are down by less than 5%. This means rev is WAY up. So what we do know is that components are more expensive this gen. But I still expect Sony to offer a price cut on the PS5 while introducing the Pro at a price of $500-550. And of course, none of this matters because GTA 6 will erase any unit sold deficit the PS5 has right now. I also expect GTA 6 to boost Xbox a bit but of course not enough to even begin to address the deficit to Xbox One.

ShadowLink93 said: Hardware sales are down 0.9 million year over year for the quarter. PS5 Versus PS4 For the 1st quarter of the 4th full fiscal year (orange) the 2.4 million the PS5 shipped is 0.9 million down on PS4's 3.3 million and after 15 quarters the PS5 totals 61.7 million compared to 63.5 million for the PS4. This means launch aligned the PS5 is 1.8 million behind PS4.

Sony over shipped the PS5 in Q4 2023/2024. Which is why the gap is now particularly big. However I expect the gap between PS5 and PS4 to grow for the rest of PS5 remaining years on the market.