"Sony Forecasts Decline in PS5 Sales and Delays Major Franchise Titles Until 2025"

TL;DR Summary
Sony expects a decline in PS5 sales for the next fiscal year and plans to release no major existing franchise titles before April 2025. Despite reporting record revenue and PS5 sales reaching 54.7 million, the company fell behind its ambitious hardware sales target and now expects to sell 21 million units by March 2024. Sony's Network services revenue and monthly active users on the PlayStation Network reached record highs, while it highlighted the success of Marvel Spider-Man 2, which has sold 10 million units. Additionally, Sony is planning to launch a PS5 Pro console in late 2024 with a proprietary DLSS-like solution.
- Sony expects PS5 sales to decline, 'no existing major franchise titles' before April 2025 | VGC Video Games Chronicle
- Sony cuts PlayStation 5 sales forecast to 21 million units after posting record revenue CNBC
- Sony Predicts Slide in PS5 Sales with No Major Existing IPs Planned Before March 2025 Push Square
- Sony Interactive Entertainment will not release “any new major existing franchise titles” before March 31, 2025 Gematsu
- Sony cuts Game & Network Services FY2023 sales forecast by 5% on lower PlayStation console sales Shacknews
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