Sony reported that PlayStation hardware sales are down year over year, but it's not all bad news.
Is console hardware struggling? In its latest financial report released Tuesday, Sony revealed that hardware sales are declining, although that doesn’t spell doom for the video game conglomerate.
Recommended Videos This is in line with what we’ve been seeing in other parts of the industry. PlayStation competitor Xbox also revealed during its financial report last week that hardware revenue was down 42% year over year. The company’s overall strategy, though, comes back to services like Xbox Game Pass and Cloud Gaming, along with first-party software releases.
Mat Piscatella, a video game analyst at Circana, said something similar in a post on X on Tuesday. “Have hardware sales fallen more than expected this year? A bit, sure. But has the release slate and price discounting also been lighter than expected? A bit as well, yes.”
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