Data Suggests $70 Price Leading To Lower PS5 Game Sales

Console Sales Are Significantly Greater!

Recently PS5 has made a new record by shipping 6.3 Million Consoles in Q1 2023. The sales of PS5 are undoubtedly doing well, but the same cannot be said for the games. While games are still being sold in massive numbers, data from Sony shows that users are buying fewer games than before.

The main reason for this appears to be the sudden increase in price and inflation, which have caused gamers to not spend too much on games. As reported by TweakTown, gamers are buying fewer PlayStation copies than before, and the new $69.99 price tag may be the main reason for the declining sales.

God of War Ragnarok

The latest report is Sony’s best ever for PlayStation earnings, as it generated a whopping $27 Billion in revenue. However, game sales were not the most significant contributor to this large figure.

Sony confirmed that PlayStation saw a whopping loss of 38.6 million games sold this quarter compared to last year. Furthermore, data also shows that even big IPs like Call of Duty could not compensate for this decrease.

While Call of Duty launched to much praise last year, PlayStation suffered a 15.7 million drop in third-party sales compared to the previous year. Despite all of this, PlayStation has seen significant profits and growth.

Gamers are still spending on the hobby, but the price tag of $69.99 may have encouraged users to refrain from a few big third-party releases.

It could be argued that users are shifting towards the PS Plus subscription, but that does not seem to be the case either. The revenue generated by PS Plus is currently lower than the previous year.

With this data, it seems likely that the new price tag is negatively impacting the sales of games. Meanwhile, gamers are still spending on purchases like micro-transactions and more.

What do you think of the new games being sold for $69.99? Do you think recent games justify this price?

Was our article helpful? 👨‍💻

Thank you! Please share your positive feedback. 🔋

How could we improve this post? Please Help us. 😔

Obaid Ur Rehman
Obaid Ur Rehman
A gamer who not only loves to play but also writes about them. In my free time, I will probably play open-world games and watch anime or TV Series.

Latest News

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Follow Us

83,972FansLike
32,122FollowersFollow

Trending

Multiple Reports Claim Final Fantasy 9 Remake In Development

Latest reports claim that another title from the Final Fantasy franchise, Final Fantasy 9, is getting the remake treatment.

Payday 3 Reportedly Releasing On September 21

Payday 3 received a teaser trailer last month, and now a popular leaker has reported a release date of September 21 for the game.

EA Adjusts Microtransaction Prices Leading To Higher Costs In Various Regions

Following global economic fluctuations, EA has increased the prices of live service content in NHL in some regions.

The Witcher Season 3 Volume 1 Trailer Coming To Summer Game Fest

It has just been confirmed that The Witcher Season 3 Volume 1 will air a new trailer at Summer Game Fest on June 8.

No More Heroes Dev Teasing New Announcement For June 15

Grasshopper Manufacture, developers behind games like No More Heroes have teased a new announcement for 15 June.