Connect with us

Gaming

Sony’s revenue records have been shattered as PS5 sales reach an impressive 55 million units

blank

Published

on

blank

While some may have concerns about PlayStation’s current business practices, it’s undeniable that Sony is raking in substantial profits. The company’s gaming division is incredibly profitable, having sold an impressive 8.2 million PS5 units in the three-month period ending on December 31, 2023. With a year-over-year increase of 1.1 million, the lifetime sales of the PS5 now stand at an impressive 54.8 million units.

The company had a record-breaking quarter in terms of revenue, generating around $10.2 billion. However, high costs had an impact on the profit margins, resulting in an operating income of only $608 million. Although PlayStation is currently generating significant profits, its substantial expenses may become worrisome, as its business is precariously balanced and could potentially incur losses.

Sony may face a setback as it is unlikely to achieve its goal of selling 25 million units of the PS5 by the end of March. With 16.4 million units shipped this fiscal year, the company would need to sell an additional 8.6 million units in the current quarter to reach its target. As a result, the company has now set a revised goal of 21 million units.

It has also experienced a slight decrease in momentum compared to the PS4 launch, which had an install base of 57.1 million units at this stage of its lifecycle. Admittedly, the availability of the PS5 was severely limited during its initial years on the market.

However, despite these potential drawbacks, there is no denying the immense success of the PS5. With highly anticipated titles such as Final Fantasy 7 Rebirth, Rise of the Ronin, and Stellar Blade on the horizon, the console is poised for another impressive year. Do you believe there are any additional steps Sony should take to sustain this positive momentum? Feel free to share your thoughts in the comments section below.

As Editor here at GeekReply, I'm a big fan of all things Geeky. Most of my contributions to the site are technology related, but I'm also a big fan of video games. My genres of choice include RPGs, MMOs, Grand Strategy, and Simulation. If I'm not chasing after the latest gear on my MMO of choice, I'm here at GeekReply reporting on the latest in Geek culture.

Gaming

Call of Duty: Black Ops 6 Sets Dates for the Next Multiplayer Beta

blank

Published

on

blank

Call of Duty: Black Ops 6 is getting closer and closer, and Activision has announced when players will be able to get their hands on the next game. This means that there will be several chances to try it out before it comes out. If you paid a lot, you might be able to play for more than a week at the end of August and beginning of September.

Call of Duty Early Access will run from Friday, August 30th, to Wednesday, September 4th, as announced on its blog. This is two days after the Call of Duty Next showcase, which is set for August 28th. To play, you must have already bought Black Ops 6.

The open beta is the following weekend, and anyone who wants to can join. The fun will start on Friday, September 6th, and end on Monday, September 9th. The full release is set for October 25th of next month on PS5 and PS4.

How excited are you for the next Call of Duty game? Are you going to play Black Ops 6 in either the Early Access or Open Beta versions? Leave a comment below and let us know.

 

Continue Reading

Gaming

Ten million people play The First Descendant in its first week

blank

Published

on

blank

The free-to-play shooter The First Descendant has gotten a lot of attention in its first week. The game’s publisher, Nexon, says that 10 million people have already tried it out.

Insider Gaming pointed out that since there is no cost up front, it’s still too early to tell how many of those players will stick around, but it’s still a big number for a new IP. On Steam alone, it peaked at 264,860 concurrents right after launch and has still managed to break 200,000 in the last 24 hours, so it looks like a lot of people are still really into the game.

It was a “mindless and repetitive grind,” and we gave The First Descendant a 3/10 in our review. Of course, that’s just one opinion; other experts have had different ones. Most people, though, say that the game’s annoying free-to-play model is the worst thing about it.

Are you one of the millions of people who played The First Descendant last week? Are you going to come back for more? Leave a comment below and let us know.

 

Continue Reading

Gaming

Raiden, the famous shmup series, will come back as a twin-stick shooter on PS5, PS4, and PC

blank

Published

on

blank

Raiden has a long and interesting history as a vertical shooter in arcades. However, the series is going to get a Super Stardust HD makeover, which means it will switch to a twin-stick format. It comes out in Japan on October 31. There’s no word yet on when it will come out in the West, but we wouldn’t be surprised if it did.

A Gematsu translation of the game’s website says that the full version will have an arcade mode with up to six stages. There will also be an “Unlimited” option for people who want to be at the top of the rankings. It sounds like a pretty straightforward package in terms of what’s inside, but we think the action will be what makes it worth it.

There’s a trailer up top that should help you figure out what to expect. There are, however, different versions of Raiden 3, Raiden 4, and Raiden 5 that you can play right now on the PS5 and PS4, if you can’t wait for this game to come out in the West.

Continue Reading

Trending