Sony warns of weaker PlayStation business as game sales wobble

Photo by Vjeran Pavic / The Verge

Sony has cut its annual profit outlook, warning of weaker PlayStation game sales. The forecast comes as Sony revealed it shipped 2.4 million PlayStation 5 consoles in its recent quarter, up only 4 percent from the 2.3 million shipped during the same period last year. PS5 lifetime shipments have now reached 21.7 million.

While hardware sales are slightly up year over year, software sales have plummeted 26 percent. In an investor call, Sony blamed the game slump on a lack of big PlayStation titles this year compared to 2021 and less time spent playing games in general — backed up by monthly active PlayStation Network users dropping 3 percent to 102 million. Sony released its exclusive Gran Turismo 7 and Horizon Forbidden West titles…

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