Sales of PS5 reach 65.5 million units, yet sales begin to decline, promising your own AAA game release yearly.

Delving into Sony’s gaming business performance for the third quarter of 2024

Sales of PS5 in the past quarter stood at 3.8 million units, a decline of 29% from the same quarter last year.
Total sales of PS5 reached 65.5 million units, slightly below the 67.5 million units sold by the PS4 at a similar stage.
Overall game sales (including PS4/PS5) reached 77.7 million units, showing growth compared to the previous year. Standout games in the past quarter include EA Sports College Football and Black Myth Wukong.
First-party game sales alone accounted for 5.3 million units, showing a similar growth trend compared to the previous year.
The PlayStation Network user base reached 116 million individuals (counting monthly active users), showing an increase from 107 million users in the same quarter last year but remaining level compared to the previous quarter.
Future game sales direction will blend single-player and multiplayer games, with slated releases of one flagship single-player game per year in Sony’s signature style. The upcoming year’s flagship game is Ghost of Yotei.
Acknowledging the failure of Concord, Sony commits to enhancing the game curation process to be more “user-accepted.”

Sources – Gamespot, VentureBeat

TLDR: Sony’s gaming business saw a decline in PS5 sales but overall game sales increased, with a focus on user-accepted titles and plans for a flagship single-player game release per year.