The newest gaming console PlayStation 5 of
Sony was reported that life cycle enters a critical period. The company announced that this device has reached the “” to the last stage of the life cycle, and in 2024, it will switch to the next stage. The Future of the
PlayStation 5 has led Sony’s Expectations and Market Strategies in the third quarter earnings description made on the
14 February, Sony will not take new games for 2024 years, and the Playstation 5 approached the end of the use life of the existing generation hardware, led to frustration in the gaming world. According to the information provided by Blumberg, Sony’s Senior Vice President Naomi Matsuoka expressed that PS5 expects a drop in sales for the next financial year and will enter the second stage of the “life cycle”. The company stated that the sales and profitability aim to establish balance between the sales and the PS5 hardware will minimize the annual sales speed.
PlayStation 5’s release met challenges due to global supply chain issues. For almost two years, PS5 stocks remained limited, and this led to the rise of prices in the secondary market. However, the situation changed in 2023 and the head of Playstation Jim Ryan said PS5 could now be found easier in retailers worldwide. Up to 54,7 million PS5 sold, this figure was announced that Nintendo Switch’s sales figures are back.
Although the tradition of console change is usually held every seven years, Nintendo Switch’s continuous popularity shows that this rule is not always valid. When it considers the extraordinary conditions of the past few years, Sony was an expected situation to work on the new generation technology. The lack of first party games for the next year is assessed as an alarming situation for the gaming world.