Sony's PlayStation 5 Crosses 50M Sales Milestone Despite Supply Chain Challenges
Portfolio Pulse from Benzinga Neuro
Sony (NYSE:SONY) has achieved a milestone with its PlayStation 5 console, surpassing 50 million sales since its 2020 launch. Despite supply chain issues and scalper-driven price inflation, the PS5's availability has improved, allowing customers to purchase at standard prices. Sony sold 10 million units from July to December 2023 and introduced a slimmer PS5 with 1TB storage, expected to drive future sales.
December 21, 2023 | 9:29 am
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Sony's PlayStation 5 surpasses 50 million sales, with improved availability and a new slimmer model expected to drive future sales growth.
The milestone of 50 million PS5 sales indicates strong demand and market dominance, which is likely to have a positive impact on Sony's stock in the short term. The introduction of a new slimmer PS5 model with larger storage and improved availability suggests continued sales momentum, which could further enhance investor sentiment and stock performance.
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