In the 2022 financial year, Sony sold over 19 million units of its PlayStation 5. This marked a significant increase of more than 66 percent compared to the previous financial year. It was also the highest number of PlayStation 5 annual sales reported since the console’s release. Sony's current-generation console, the PlayStation 5, was released during the holiday season in 2020 when it sold some 4.5 million units during that quarter. The PlayStation 5 ranked as the best-selling current-generation console in 2023.
PlayStation’s decades of dominance
Sony’s PlayStation brand has been a significant player in the video game industry since its inception. Sony released the first PlayStation in 1994 and has released four more versions since then. The PlayStation 2 holds the record as the highest-selling console of all time with over 158 million units sold. The popularity of Sony’s PlayStation lineup is visible in that all their previous generation home consoles are among the top-10 best-selling consoles of all time. In 2022, PlayStation dominated the global game console market with an impressive share of 87.8 percent. This market domination also translates to high annual sales revenue, as Sony’s game and network services generated nearly 26 billion U.S. dollars in revenue in FY 2022 and has been the company’s largest business segment since 2014.
PlayStation VR headset a first for home consoles
Sony’s commitment to innovation is evident in its support for new technologies. The PlayStation 4 was the first console from a mainstream game console company to support virtual reality. Sony released PlayStation VR 2 in early 2023, and its popularity quickly became clear when it accounted for around 32 percent of all extended reality (XR) headsets sold globally in the first quarter of 2023.
Unit sales of the PlayStation 5 worldwide from 2020 to 2022
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Sony. (April 28, 2023). Unit sales of the PlayStation 5 worldwide from 2020 to 2022 (in millions) [Graph]. In Statista. Retrieved December 10, 2023, from https://www.statista.com/statistics/1124784/unit-sales-ps5-worldwide/
Sony. "Unit sales of the PlayStation 5 worldwide from 2020 to 2022 (in millions)." Chart. April 28, 2023. Statista. Accessed December 10, 2023. https://www.statista.com/statistics/1124784/unit-sales-ps5-worldwide/
Sony. (2023). Unit sales of the PlayStation 5 worldwide from 2020 to 2022 (in millions). Statista. Statista Inc.. Accessed: December 10, 2023. https://www.statista.com/statistics/1124784/unit-sales-ps5-worldwide/
Sony. "Unit Sales of The Playstation 5 Worldwide from 2020 to 2022 (in Millions)." Statista, Statista Inc., 28 Apr 2023, https://www.statista.com/statistics/1124784/unit-sales-ps5-worldwide/
Sony, Unit sales of the PlayStation 5 worldwide from 2020 to 2022 (in millions) Statista, https://www.statista.com/statistics/1124784/unit-sales-ps5-worldwide/ (last visited December 10, 2023)
Unit sales of the PlayStation 5 worldwide from 2020 to 2022 (in millions) [Graph], Sony, April 28, 2023. [Online]. Available: https://www.statista.com/statistics/1124784/unit-sales-ps5-worldwide/