- Analysts believe that PS5 will sell around 18.5 Million units in the FY24.
- The console will likely not have similar problems in 2023, so the goal seems reasonable.
- The Fiscal 2024 has yet to be started as Fy23 will end on March 1st, 2024.
Sony’s PS5 is among the most demanded consoles due to its performance and other factors. The console has been dominating the sales charts against Xbox. While the sales are nowhere near comparable to Nintendo, they are pretty high.
According to a report, 40k PlayStation 5 consoles were sold daily in 2023. While that is impressive, another report shows that the sales during black Friday of 2023 were up by 217% compared to the black Friday duration of 2023.
According to a new report from foreign media Gameindustrybiz, Japanese analyst firm Toyo Securities estimates that PS5 will ship 18.5M units in the fiscal year 2024.
Why it matters: Jim Ryan previously stated that the console will cross the 108.4 Million milestone in its lifetime.
The firm has also highlighted why the console is underperforming compared to its predecessor. The main reason for that is seemingly the lack of semiconductors.
Recently, it was revealed that the PS5 has sold over 50 Million units. So, if the console sells around 18.5 Million units in 2024, the sales will come close to the 80 Million milestone. The fiscal 2023 has yet to be ended, as it will end exactly on March 31, 2024.
The company is ambitious, expecting to ship 25 million units by the end of fiscal year 2023. It should be noted that it is by far the most ambitious hardware shipment goal in the company’s history.
While Sony is ambitious, the goal seems unrealistic. The console has just reached the 50 Million milestone, so it’s behind by almost 16 Million units. Shipping such units by the end of Fiscal 2023 seems pretty unrealistic.
However, what analysts believe makes sense. The fiscal year 2023 has yet to end, so the console will arguably sell more copies. The comparison above with PS4 is due to the similarities in the performance.
Analysts have suggested a milestone similar to what PS4 managed to achieve in the past. PlayStation 4 managed to sell 20 and 19 million units in fiscal 2016 and 2017, respectively. 2024 has a great lineup of video games, many exclusive to PS5.
So, we think it is not farfetched that Sony will ship 18.5 Million PS5s in FY24. The gaming giant also focuses on PS Plus as the subscription offers $8000 games in 2023.
Recently, it was revealed that the PS4 Pro sold over 14 Million units, contributing highly to the overall sales. So, the PS5 Pro is expected to be released in 2024 and will likely contribute highly to the sales, too.
Also, the leakers have suggested that developing games will be easier for PS5 Pro. Nonetheless, the 18.5 Million sales estimate from the analysts seems quite reasonable.
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[News Reporter]
Obaid is pursuing a Law degree, while working as a content writer. He has worked as a gaming writer for over a year because of his passion for the medium and reporting the latest updates in the industry. Having played hundreds of games, Obaid finds himself coming back to Elden Ring and Red Dead Redemption 2, with these games being among his favorites. He has also been mentioned on highly regarded websites, such as Wccftech, Metro UK, PS Lifestyle, GamePressure, VGC, and Gamespot.
