Sony Officially Confirms PS5 Again, As PS4 Sales Near 100 Million

Sony acknowledges in its earnings report that it experienced an "increase in development expenses" due to work on a next-generation console.

128 Comments
Please use a html5 video capable browser to watch videos.
This video has an invalid file format.
00:00:00
Sorry, but you can't access this content!
Please enter your date of birth to view this video

By clicking 'enter', you agree to GameSpot's
Terms of Use and Privacy Policy

Now Playing: PlayStation 5 Release Date Still More Than A Year Away - GS News Update

Following the first details about the PlayStation 5 announced last week by lead system architect Mark Cerny, Sony has now officially confirmed a next-generation console. In the company's latest earnings report, Sony said its gaming division experienced an "increase in development expenses for the next generation console."

That's all Sony had to say on the subject of the PS5, however.

No Caption Provided

According to Kotaku's Jason Schreier, Sony's decision to seemingly randomly announce the PS5 was not completely random. Schreier says that one reason is because Sony just started to deliver PS5 devkits to third-party studios, and they wanted to get ahead of leaks.

Also in the earnings report, Sony announced that it shipped 17.8 million PS4 consoles during the fiscal year ended March 31. That's down from 19 million during the year prior. In all, the PS4 has now sold 96.8 million consoles worldwide since its release in 2013.

PS4 sales have been falling annually for years now, which makes sense given the console is so old. For the current fiscal year, Sony expects PS4 sales to drop yet again, falling to 16 million.

It was also confirmed in the earnings report that Sony has 36.4 million paying PlayStation Plus subscribers. Sony's digital offerings are doing very well. PlayStation Network revenue, including full-game downloads, DLC, PS Now, and PlayStation Plus, amounted to over $12.8 billion for the year, which is a new yearly record.

Sony's video game division overall, called Game and Network Services, saw revenue of $20.9 billion. PS4 sales dropped, as mentioned, but this decline was partially offset by more PS4 game sales and PlayStation Plus subscriptions. Some of the numbers and analysis here was compiled by Niko Partners senior analyst Daniel Ahmad.

Got a news tip or want to contact us directly? Email news@gamespot.com

Join the conversation
There are 128 comments about this story
128 Comments  RefreshSorted By 
GameSpot has a zero tolerance policy when it comes to toxic conduct in comments. Any abusive, racist, sexist, threatening, bullying, vulgar, and otherwise objectionable behavior will result in moderation and/or account termination. Please keep your discussion civil.

Avatar image for just1mohr
Just1MoHr

I play my XB1x more than the single player exclusives on my PS4, but I gotta admit Xbox is SAD.

Avatar image for eli150
eli150

sounds like PS5 comes 2020.. they should sell the console at 500$ just so they wont cheap out on the gpu

Avatar image for TheBruuz
TheBruuz

SSD in the PS5 is awesome.
The pricedrops for SSD came just in time.
I wouldn't mind paying 100 EUR more for the console if they come with a 1 Tb SSD.

Avatar image for dudebropartyyo
DudeBroPartyYo

The most important thing for next gen with both MS and Sony, no bloody mid gen upgrade, they learned from this gen. Look at the best future proof PC specs and make it last 8 years or whatever

Avatar image for ballashotcaller
ballaShotCaller

@dudebropartyyo: That's absurd.

Avatar image for p0tent
p0tent

@dudebropartyyo: Well the problem is cost. They can easily release a future proof console, except it will retail for $1,499.

Avatar image for Pupchu
Pupchu

PS5 is so epic that Sony had to announce it twice! A massive irrefutable victory for Sony! Soon Microsoft will admit defeat and release its claws on Halo who will join Sony's cause for liberty! All hail Helghast!

Avatar image for dynamotnt
dynamotnt

@Pupchu: This right here boys n girls. This is what crack does to you.

Avatar image for dudebropartyyo
DudeBroPartyYo

@dynamotnt: Cant you see the satire and a joke in that comment, if not its bloody sad

Avatar image for Keaze_
Keaze_

@Pupchu: Helghast? Wth lol. But I jump on the bandwagon. All hail Helghast!

Avatar image for Pupchu
Pupchu

@Keaze_: Praise Visari! Victory to Helghan!

Avatar image for squidracerX
squidracerX

The top selling games of all time start at the 30 million mark (#10 is Diablo 3 at 30 million). Games bundled with a system count - like Mario 1 on NES; but they dont count free games - like Fortnite.
Sony has a number of PS4 games at the 10 million mark already.
Just for sh*ts and giggles -- just to drum up some news and have fun -- they have 36 million PS+ subscribers - they should do a big campaign - put Horizon, Spider-man or God of War on PS+, tell everyone to download it, (make it a huge deal, advertise it even), "even if you own a physical copy, download it!"

And if you got 36 million "sales" that way, (Sony pays developers for each game downloaded, so it would 100% count as a sale), suddenly you have a game that sold 46 million+ copies -- and you are past Pokemon to be #6 on the all time sales charts! How fun would that be!? Kind of a "digital sales milestone".

Sony has nothing to lose as I doubt those games will sell that much more on their own. And Sony pays developers for those downloads anyway, if its a first party game its essentially free downloads for them right? (probably saves them money).

Avatar image for jgarbuz
jgarbuz

I always buy a new generation console 3 years after they come out, because there usually is little new content for it until then. So I got my PS3 about 3 years after it came out, and then my PS4 in 2016, and my PSVR headset in 2017. Today I play and watch everything with my PSVR headset on. Thanks to the PSVR headset I don't need to buy a huge HDTV to hang on a wall. I was hoping that the PS5 would be able to accommodate two PSVR headsets for coop play in VR. SO I probably won't get a PS5 until around 2022 when a next generation of new VR games are made specifically for it. I love my PS4 and have had no problems with it and they will be making games for it for years to come. I still have my PS2 and PS3, both of which work, but I rarely replay games on them anymore. So backwards compatibility with PS4 games would be nice, but I will not give up my PS4 for years to come. The main reason for me to go to PS5 will only come when really great new VR games come out for it that fully takes advantage of its additional power.

Avatar image for ansmitty2004
ansmitty2004

I bet they pull a hat trick here, aside from PS4 backward compatible, I bet it's backward compatible with PS3 as well, that would boost older titles from the last 2 consoles alone!

Avatar image for LVT_PTA_PB
LVT_PTA_PB

@ansmitty2004: Man if PS4 AND PS3s titles are compatible with PS5, I truly wouldn't be happier. I own PS4 and PS3 and now I won't have to switch consoles at all to play older titles... this would be amazing. But if it is their plan they're still hiding that card hehe

Avatar image for shuttle_cock
Shuttle_Cock

@LVT_PTA_PB:

I doubt it, the architecture is too different

Avatar image for Skotte73
Skotte73

Unfortunately they stick with AMD and Radeon, you will be able to grill sausages on that 4K machine. Already my PS4 Pro is overheating and being loud by just riding around on a stupid horse in RDR2. ?

Avatar image for shuttle_cock
Shuttle_Cock

Every time a new generation starts I upgrade my PC so that it’s a bit better than that he consoles. Last time it was an i5 3470 and HD 7970, later came a GTX 970. I also bought a PS4 about a year after release. This time I’m not so sure. I mean the PS5 is going to be targeting 4K so to get a PC with specs above it is going to cost over a $1000, The there is the issue of having to get a 4K monitor where is I already have a 4K TV...I am leaning towards just going with a PS5 this time

Avatar image for brunorr
brunorr

@shuttle_cock: I always wait at least one year so the parts are discounted and I doubt the PS5 is gonna come with enthusiast level PC hardware. Sony learned from their mistake with the PS3 selling for less than production costs.

Avatar image for Epak_
Epak_

I'm ready, 2020 will be the perfect time for this generation to end. Still some exclusives left, the rest I already play on the X.

Avatar image for dmblum1799
dmblum1799

By the time the ps5 releases, everyone who is not a hobo will have a 4k tv. That's why they had to do this - technology moves.

Avatar image for jgarbuz
jgarbuz

@dmblum1799: With my PSVR headset I don't need any 4K TV, In fact, I haven't played a game on a monitor orTV in years, because the PSVR gives me a virtual movie theater size screen so for me, monitors and HDTVs are obsolete. Unless you need one for many people to watch together. I don't. Nonetheless, I do wish PS5 were made to be able to accommodate two PSVR headsets so there could be VR coop play. Most people don't know or realize that using a VR headset eliminates the need for a huge monitor or HDTV, buot then Sony and Samsung, who sell more TVs and monitors, are not advertising that fact for obvious reasons.

Avatar image for el_swanno
el_swanno

@jgarbuz:

The problem is the picture quality for movies is horrible on PSVR. I tried it once. It made my eyeballs sad.

Avatar image for jgarbuz
jgarbuz

@el_swanno: I've been watching every movie from streaming services for two years and even fall asleep at night in my reclining chair with my PSVR on my head watching Youtube clips or whatever and wake up with it still on my head. And I'm 72 just like Trump. My understanding is that the next version that will come out with the PS5 will be lighter and even better, and wireless too.

Avatar image for el_swanno
el_swanno

@jgarbuz:

Hopefully. Lighter weight, higher resolution and a wider field of vision would make the world of difference. I think the possibilities for PSVR are huge if they can address the technical shortcomings next generation. The developers also need to come to terms with how to develop for it properly. VR needs slower paced games than gaming on a flat screen. Games like GTA would be too stressful in VR due to the large amount of thing going on at any point in time. Skyrim in VR was pretty good. Shooting lightning bolts from my hands in VR was one of the most awesome experiences I have ever had in VR. I think building/survival games like Conan Exiles could work well in VR if they focus more on environmental interaction than combat.

Avatar image for jgarbuz
jgarbuz

@el_swanno: Conan Exiles??? Terrible game. How can someone who played Skyrim even waste a minute on that terrible whatever? But I agree that VR gaming will require a lot more thought.

Avatar image for el_swanno
el_swanno

@jgarbuz:

Sure, it had a lot of technical issues and the endgame was lacking (as all current Endgames are *cough*) but the core gameplay was great. I played that game more than any other game of the last 18 years. It was hugely addictive and had some pretty cool secrets to discover. It also seemed to attract a lot of very community-minded people. I met several people through Conan that I am still playing with now in other games. Turns out we had a lot of crossover in interests.

Avatar image for YukoAsho
YukoAsho

So, PS5 holiday 2020? I can see that.

And it's telling that only 36.4 million PS4s are using Plus. Really explains why Sony hasn't abandoned the concept of compelling single player content. They understand that online is an addition to, not a replacement for, compelling single player content.

Avatar image for ballashotcaller
ballaShotCaller

@YukoAsho: If they had more compelling multiplayer games then more people would have a reason to subscribe. A lot of gamers buy PS4 for the popular single-player exclusives. Also it doesn't let you keep the monthly games it offers if you're unsubscribed.

Avatar image for YukoAsho
YukoAsho

@ballashotcaller: Problem is that both systems have the same multiplayer games by and large - Fortnite, COD, Overwatch, et al. PS4 is also the exclusive home of Street Fighter V, making it the de-facto main console for Japanese fighting games, and thus the main console of the FGC online. It's not like there aren't mulitplayer-focused games on the system, no matter what the Xbots tell you. By contrast, there's very little single player experience to be had on the Xbone, and no real hope for improvement as Microsoft puts all its eggs into the live services basket.

Avatar image for croxus
Croxus

Imo, an incredibly stupid mistake by Sony.

They have completely dominated this generation, it is in their interest to prolong it as much as they can and yet they haste the end of this cycle, announce first and let MS learn what is coming from then and when, so they can prepare a better answer. Always the one who comes second has a slightly stronger rig which gives a small advance in multiplat games, which is used as fuel to demonstrate platform superiority. A grave strategic mistake by Sony, they risk too much and the only reason is their greediness...

Avatar image for Barighm
Barighm

@croxus: You're clearly ignorant of recent history.

First off, this isn't the first time Sony revealed their hand early...only to trick their competitors into revealing theirs. They used that information to give the PS4 an edge.

Second, devs impact the appearance of new consoles. They don't want to keep making the same old games all the time. They want to work on bigger and better hardware, and current games are too much for the PS4. If they can't, they'll move on to a platform that can (see Wii/U support).

Finally, Sony won this gen handily. I think they have a much better idea of how to do things than you do.

Avatar image for YukoAsho
YukoAsho

@croxus: Disagree. The strategy helped them completely neuter the Dreamcast back in the 6th generation, and it's worth remembering that the PS2 was the LEAST powerful of the big three that gen, not the most. PS3 releasing a year after X360 did the system no favors, and the near-simultaneous launch of the PS4 and XBONE didn't really harm them either. Furthermore, Microsoft's focus on system power to the exclusion of everything else has done them no favors, with there being no real compelling reason to pick one up over a PS4, or a Nintendo Switch for that matter (Nintendo having eschewed the arms race entirely). I'm sure the Xbox One X upgraders enjoy the slight resolution bump for 3rd party games, but those of us who play games instead of graphics enjoy the wealth of games the PS4 gives us.

The fact is that everything looks fucking awesome nowadays. As long as the PS5 is a substantial upgrade over the PS4, and there's no reason to believe it won't be, there's nothing for Sony to worry about. Better for Sony to just get the announcement over with and resume business as usual, instead of having leaks monopolize everything else they have planned for years to come. They're getting to 100m consoles, there's not much else they can do this gen.

Avatar image for shuttle_cock
Shuttle_Cock

@YukoAsho:

There is quite a few reasons to pick one up over PS4 actually. Game pass, backwards compatibility , Xbox live anywhere, the fact that the X brought down the S in price by a HUGE amount. Honestly, if I had all my consoles and PC stolen I’d just go and buy a brand new Xbox One S for $200 and get a games pass and I’d be gaming away again for a MUCH lower price than you can if you want a PS4. Here In Australia PS4’s rarely go below $400

Avatar image for YukoAsho
YukoAsho

@shuttle_cock: The Xbox One S is being pushed down because the Xbox One brand is in freefall, let's not kid ourselves here. Can't speak to Game Pass, save that it's clearly having an adverse affect on game quality, as evidenced by State of Decay 2 and Crackdown 3. BC, I'll give MS a hearty pat on the back for the effort, but it's more of a "virtual console" approach, as each game has to be downloaded off the network instead of being installed off the disc since each game needs its own emulator.

And I'm not sure about Australia's prices, but it's no secret the Australian dollar isn't up the American dollar's strength. The PS4 Slim here is $300, with the Xbox One S being $299 with a game (unless you wanna buy that useless all-digital one that's coming out in May).

Avatar image for just1mohr
Just1MoHr

@croxus: You mean like when the numbnutz at MS revealed their DRM policies and were trying to be sly?...pppfftttt, I said goodbye to them real quick, unfortunately I am back with them after awesome backwards compatibility. And I have to say I still have a PS4 for exclusives only, but if Sony wants more of my business they have to give me backwards compatibility and not nickel & dime me for games. I also have to admit if Sony can pull off full backwards compat. for PS5, then I will morn for XB2/5 as it will be endgame!

Avatar image for dr_derogatory
dr_derogatory

#@croxus: I partially agree. They're probably likewise assuming that MS will be announcing their new console, possibly as early as e3. Given the similarities in hardware between the og XB1 and og PS4, it's probably fairly safe to assume that the next gen will feature similarly speced systems. It's possible that they simply want to assure their consumers that they have a new system planned as they won't be showcasing at e3. I don't expect that either company releases a new system until next fall at the earliest. Given that possible timeline, it would be very late in the game for either company to drastically change the hardware plans of their next consoles.

Avatar image for onehitta323
onehitta323

"PS4 has now sold 96.8 million consoles worldwide since its release in 2013" Microsoft can't handle it. Sony blowing everyone out of the water. Nintendo is doing good as well. Congrats Sony on the amazing console and games this gen, with more still on the way.

Avatar image for shuttle_cock
Shuttle_Cock

@onehitta323:

Yes Microsoft have been beaten by quit a bit but they have actually done better than they did with the 360, so while they haven’t “won” they have done incredibly well

Avatar image for onehitta323
onehitta323

@shuttle_cock: that's wrong. 360 did way better than the xbox one.

Avatar image for Barighm
Barighm

@shuttle_cock: Er...no. They sold more than double the number of 360's last gen plus Xbox Live and GOOD games worth actually buying an Xbox 360 for. This gen, they're forced to move their exclusives to a streaming service that routinely offers $1 a month promotions. That's not the actions of a company doing heads and tails better than a generation where they had become confident enough to try and pull a fast one on us.

Avatar image for UltimateBastard
UltimateBastard

@Barighm: £1 for a three month subscription to game pass and I still had to debate whether it was actually worth it. Really highlights why I never bought and xbox this gen.

Avatar image for thelostscribe
Thelostscribe

Man, Sony is definitely doing very well with PS4. Crazy to think that even having another competitor also selling extremely well, gaming has become popular enough to have two at once doing these numbers. Any system breaking the 100 million mark is a huge achievement.

Might have to get a PS4 in the next year or so, back track over some of their exclusives.

Avatar image for Tidus1012
Tidus1012

@thelostscribe: I can assure you will regret playing them until now. It will be one of the best gaming experiences in your life.

Avatar image for chubby170
Chubby170

@thelostscribe: And God of War.

Avatar image for btotheotothejtothef
BtotheOtotheJtotheF

@thelostscribe: If you do, make sure to give Bloodborne a try