Just In Time For GTA 6? Sony Will 'Likely" Launch PS5 Pro In 2024, Analysts Predict
Portfolio Pulse from Franca Quarneti
Sony Group Corp. is expected to release a PlayStation 5 Pro in late 2024, aiming to boost interest in the PlayStation 5 ahead of Take-Two Interactive Software Inc.'s Grand Theft Auto VI launch in 2025. This follows a reduction in Sony's sales forecast for the PS5, from 25 million to 21 million units for the fiscal year ending in March, indicating a potential decline in sales. Analysts believe the PS5 Pro launch could stimulate sales despite challenges, including profit margins nearing decade lows. Sony may maintain the current PS5 price post-PS5 Pro launch.
February 20, 2024 | 5:52 pm
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Sony is likely to launch a PS5 Pro in 2024 to boost interest in its gaming console ahead of GTA VI's release. This comes as Sony cuts its PS5 sales forecast, indicating potential sales decline.
The launch of the PS5 Pro could rejuvenate interest in Sony's gaming console, potentially increasing sales despite a recent forecast cut. The anticipation for GTA VI could further drive demand for the new console, positively impacting Sony's stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Take-Two Interactive's upcoming release of Grand Theft Auto VI in 2025 is anticipated to boost the gaming industry, potentially increasing demand for Sony's PS5 Pro.
The release of GTA VI is expected to be a significant event for the gaming industry, likely increasing demand for advanced gaming consoles like the PS5 Pro. This could positively impact Take-Two's stock as anticipation builds for the game.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70