Sony Raises Forecast for PlayStation 5 Sales -- Market Talk

Dow Jones

2023/02/02

10:21 ET - Sony expects to sell 19M PlayStation 5 consoles for the fiscal year ending in March, or 1M more than its previous target, the company says on an earnings call. Production capacity has increased after years of shortages, though some supply constraints still linger, the company says. Total gameplay time for all PlayStation users during the latest quarter fell 3% from a year ago, but was up 6% sequentially, it adds. The company's "God of War Ragnarök" sold more than 11M copies in the first 10 weeks after its release on Nov. 9, making it the fastest-selling first-party title ever, Sony says. Sony ADRs gain 3.3% to $92.53. (sarah.needleman@wsj.com; @saraheneedleman)

(END) Dow Jones Newswires

February 02, 2023 10:21 ET (15:21 GMT)

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Production capacity has increased after years of shortages, though some supply constraints still linger, the company says. Total gameplay time for all PlayStation users during the latest quarter fell 3% from a year ago, but was up 6% sequentially, it adds. The company's \"God of War Ragnarök\" sold more than 11M copies in the first 10 weeks after its release on Nov. 9, making it the fastest-selling first-party title ever, Sony says. Sony ADRs gain 3.3% to $92.53. 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Production capacity has increased after years of shortages, though some supply constraints still linger, the company says. Total gameplay time for all PlayStation users during the latest quarter fell 3% from a year ago, but was up 6% sequentially, it adds. The company's \"God of War Ragnarök\" sold more than 11M copies in the first 10 weeks after its release on Nov. 9, making it the fastest-selling first-party title ever, Sony says. Sony ADRs gain 3.3% to $92.53. (sarah.needleman@wsj.com; @saraheneedleman) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 02, 2023 10:21 ET (15:21 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}