Sony PS5 Still On for Winter Holiday Launch

Sony Corp. May 13 disclosed that its flagship PlayStation 5 video game console is still on schedule to debut in time for the winter holidays — despite manufacturing delays caused by the coronavirus pandemic. PS5, along with Microsoft’s Xbox Series X, are expected to revive a lagging video game market. Sony also disclosed that the PS4 has sold 110 million units since launching in 2013.

“Although factors such as employees working from home and restrictions on international travel have presented some challenges in regards to part of the testing process and the qualification of production lines, development is progressing with the launch of the console scheduled for the 2020 holiday season,” Sony said in a statement.

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That’s a good thing as sales of PS4 dropped to 1.5 million units in the fourth quarter (ended March 31). That was down 43% from sales of 2.6 million units in the previous-year period. For the year, hardware sales dropped 24% to 13.6 million units, compared with 17.8 million in the prior year.

PS4 packaged-media game sales totaled $190.2 million in the quarter, down 39% from $309 million in the previous-year period. Indeed, Sony sold $1 billion in game discs for the fiscal 2019 year. Digital game sales topped $9.3 billion. Total game revenue in the fiscal year surpassed $18.4 billion.

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“At this point in time major [PS5] problems have not arisen in the game software development pipeline for Sony’s own first-party studios or its partners’ studios,” the company said from Tokyo.

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