Although Sony faced many problems meeting the growing demands for its next-generation gaming console, the company announced that it has sold 4.5 million units of PlayStation 5 since its launch. The company also reported that it had the best fiscal quarter in the history of its gaming business, as revenue increased 40% compared to its revenue figure for the previous year.
The Tokyo-based company released its consolidated financial statement for the third quarter of 2020 today, and in that report, Sony revealed that it sold more than 4.5 million PS5 consoles that match the PS4 sales figure when it launched in 2013. As a result, the company was able to earn more than 883.2 billion yen, which translates to $ 8.4 billion in revenue from its gaming business.
Now, if you don’t know, after launching the PlayStation 5 on the market, Sony had to meet the unprecedented demand for the console. Initially, the company was unable to keep up with supplies and faced negative reactions from buyer customers. At one point, Sony CEO Jim Ryan stated that PS5 stocks were completely depleted.
However, the company, despite these supply problems and negative reactions, managed to deliver that many PS5 units to customers during the holiday season. Sony dominated most of the world’s markets and reportedly sold twice as many PS5 units as its Microsoft competitor.