Bad news for Sony: PS5 owners aren't buying enough new games - causing the hardware developer to miss their software sales targets.
Although Microsoft has had to deal with a string of bad news lately everything seems to be working out perfectly for Sony and the PlayStation 5, with Sony’s financial report last week detailing their best spring results ever and lifetime sales in excess ofYou’d think that was an indication that everything was going perfectly, better than expected, and yet according to analysts Sony’s results are actually below expectations.
The obvious thing to say to that is that Sony has barely had any new games in the last 12 months. Apart from last month’s DLC expansion, November’s God Of War Ragnarök was Sony’s last first party release and before that Gran Turismo 7 way back in April 2022. ‘The momentum of software, the lucrative part of the game business, remains weak. This shows PlayStation users are not buying new games,’ said analyst Hideki Yasuda, speaking toWhat’s already known to be a disappointment is subscriptions for PlayStation Plus, whose recent three-tier revamp at first saw numbers. The situation only slightly improved this spring and that’s also got analysts worried.
Analysts are also disappointed that the launch of the PlayStation VR2 in February didn’t provide much of a boost, although that’s easily explained by its high price and lack of games.
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