Sony is expecting decline in hardware sales and major existing titles are on hold...
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You can read the complete article here:
https://www.gamesindustry.biz/playstation-generates-93-billion-in-holiday-quarter-but-expects-hardware-decline-in-2024Overall, their revenue is up and operating costs are down - which is good for the business, but I found this interesting:
"According to VGC, Sony president, COO and CFO Hiroki Totoki told investors during an earnings call that there will be no new entries from established IP until April 2025 at the earliest.
"Regarding first-party software, we aim to continue to focus on producing high-quality productions and producing live service games," he said. "But while major projects are currently under development, we do not plan to release any new major existing franchise titles next fiscal year like God of War: Ragnarok and Marvel Spider-Man 2."
This, combined with the PS5 "entering the latter half of the console cycle," has led Sony to forecast a decline in hardware sales during the next fiscal year.
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Crazy to read “latter half of the console cycle” but I guess I did get mine 3 years ago now.
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So: coast and milk live-service monetization as much as possible.
Yawn. Predictable.
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@BJDUBBYAH said in Sony is expecting decline in hardware sales and major existing titles are on hold...:
Crazy to read “latter half of the console cycle” but I guess I did get mine 3 years ago now.
3 years in November for me, and don't forget for the first third of it's shelf life current gen consoles were nigh impossible to get...so we lost a good portion of it's life cycle
