Sony's Bold Predictions: PS5 Sales To Outperform PS4, VR2 Exceeds Expectations, 'Aggressive' Cloud Gaming Plans In The Works
Portfolio Pulse from Franca Quarneti
Sony predicts that PlayStation 5 (PS5) sales will surpass PS4 sales in 2023, despite component shortages. The company also reports strong sales for its PSVR 2 virtual reality headset. Sony CEO Jim Ryan hints at aggressive plans for cloud gaming, which may include streaming games directly to mobile devices.
May 24, 2023 | 8:12 pm
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Sony's aggressive plans for cloud gaming may increase competition for Microsoft's Xbox, which currently has the ability to stream games directly to mobile devices.
As Sony plans to aggressively enter the cloud gaming space, it may increase competition for Microsoft's Xbox, which currently has the ability to stream games directly to mobile devices. This increased competition could potentially have a negative impact on Microsoft's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Sony's PS5 sales are expected to surpass PS4 sales in 2023, and the PSVR 2 is off to a strong start. The company is also planning aggressive moves in the cloud gaming space.
Sony's positive predictions for PS5 sales and the strong start of PSVR 2 indicate potential growth in the company's gaming division. Additionally, aggressive plans for cloud gaming could help Sony compete with rivals like Microsoft, potentially boosting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100