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    Consoles are no longer sold at a loss

    Edward LangleyBy Edward LangleyAugust 8, 2021No Comments1 Min Read
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    Consoles are no longer sold at a loss
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    Sony has confirmed that sales of the PlayStation 5 with Drive will no longer be a loss to the company.

    It’s an open secret that especially at the beginning of a new generation of consoles, manufacturers like Microsoft, Sony or Nintendo are losing money on every console they normally sell and making a profit by relying on good software sales. The PlayStation 5, released by Sony last November, is no exception.

    During Sony’s quarterly business conference, CFO Hiroki Totoki announced that selling the PlayStation 5 with Drive (99 499) would no longer be a loss for the company. It is still available in the digital version of the PlayStation 5 (9 399), but can be offset by sales of other hardware such as the PlayStation 4 or peripherals.

    To date, 10.1 million PlayStation 5 consoles have been shipped worldwide. At the end of the current fiscal year, Sony is targeting a total of 14.8 million units. Totoki assured that the project would not fail due to the absence of semiconductor chips.

    Edward Langley

    Edward Langley is a contributor to Nintendo-power.com, covering a wide range of topics including news, business, technology, entertainment, lifestyle and current affairs. He focuses on delivering clear, balanced and accessible reporting that helps readers stay informed about important developments and emerging trends. With an emphasis on accuracy, relevance and useful insights, Edward aims to provide engaging stories and practical information that matter to audiences in the UK and beyond.

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