Sony confirmed there are no plans to release any major franchise titles until April 2025. The company is also expecting a decline in console sales next year.
Sony Interactive Entertainment announced in its most recent financial results that the company expects PlayStation 5 sales to decline gradually during its fiscal year from April 2024 to March 2025. Additionally, the company confirmed that PlayStation Studios have no plans to release any “major existing franchise titles” during this fiscal year.
In the company’s financial results for the final quarter of 2023, Sony’s gaming division reported a record revenue and almost 54.7 million units of PlayStation 5 were sold worldwide. For the year ending in March 2024, Sony targeted to sell 25 million units of PlayStation 5. However, the company sold 16.4 million consoles, with 8.2 million units sold in the most recent quarter.
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No PlayStation Exclusive Titles Until 2025
Sony president, COO and CFO Hiroki Totoki has said that no new God of War, Marvel’s Spider-Man or any other exclusive PlayStation will come to the console before April 2025. Moreover, the company is expecting a major decrease in PlayStation 5 sales because of the lack of new entries.
The upcoming big PlayStation 5 release is Death Stranding 2: On the Beach, but Kojima Productions did not mention any exact release date. If that’s the case, fans should not expect other major titles like The Last of Us, Horizon, Uncharted or Ratchet & Clank before 2025 either. In addition, there have been rumours that the sequel to Ghost of Tsushima will be announced sometime later in 2024; even then, the game will not be released before April next year.
Regarding PS5 hardware, which will enter its fifth year since launch. Partially due to entering the latter half of the console cycle, we’re aiming to optimise sales with a greater emphasis on balance with profits. So we expect a gradual decline in unit sales from next fiscal year onwards.
Regarding first-party software, we aim to continue to focus on producing high-quality productions and producing live service games. But while major projects are currently under development, we do not plan to release any new major existing franchise titles next fiscal year like God of War: Ragnarok and Marvel Spider-Man 2.
Hiroki Totoki, President, COO & CFO for Sony
Totoki added that the PlayStation 5 was released almost four years ago and entered the console cycle’s latter half. Sony will aim to optimize sales, emphasizing the balance with profits. Furthermore, Sony might stop selling the original PlayStation 5 once the existing stock is used up and move onto the Slim model as the base version of the console.
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