Sony and Microsoft have long been friendly rivals, the jolly struggle to overcome each other has led to many innovations within the gaming industry. Both PlayStation and Xbox consoles have strived to gain the upper hand through each generation, but the competition has grown fierce in next-generation.
PlayStation 5 and Xbox Series X|S come with their advantages and disadvantages, and it is nearly improbable to choose a single victor. Sony recently introduced PlayStation Stars, a new program that rewards players for completing various challenges, and the points earned can then be redeemed.
On the other hand, Microsoft aims to wholly improve its cloud-enabled gaming in this generation of consoles by partnering with Samsung to bring titles to its televisions without needing a console. These innovations have only improved the overall industry.
The rising inflation due to several recent unfortunate events and the policies brought to address them have also affected the gaming industry. The goliath companies, like Microsoft and Sony, have been equally influenced by the changing times, leading to failure to meet expected thresholds, shortages in stocks, and a decline in sales, to name a few.
Despite all the hurdles, Sony appears to have held up pretty well, as revealed in the recently announced Q1 FY2022 Consolidated Financial Results. However, not all thresholds have been met due to current real-life circumstances. Overall, the first quarter of the year has been quite a delight for PlayStation 5 sales.
PlayStation 5 has sold a whopping 100,000 units more than last year, according to the Supplemental Information for the Consolidated Financial Results for the First Quarter Ended June 30, 2022. The total figures are 134,696 units sold in the first quarter of the year, and the numerals are expected to rise even higher.
PlayStation 5 recently hit 20 million sales worldwide just last month, and an additional 100,000 units sold are always welcome. Moreover, digital sales for the company have increased up to 79% as well. The staggering sales have been achieved despite the shortages of stocks that Sony experienced this generation due to the pandemic.
However, it was not all rainbows and sunshine for Sony in recent months. The pandemic and the recent Russia-Ukraine conflict have caused many exemptions for the entire gaming industry. PlayStation Studios’ games and network sales have dropped by 2% over the previous year due to the decrease in the sales of add-on content and non-first party titles.
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