Sony’s PlayStation 5 has sold over 50 million units worldwide, marking a big achievement. Despite facing difficulties during its launch in November 2020 due to the COVID-19 pandemic and chip shortages, the console has done well in 2023. Jim Ryan, the CEO of Sony Interactive Entertainment, mentioned that this holiday season has plenty of PS5 consoles available.
Initially, the PS5 had a tough time because of the pandemic and supply chain issues. But now, it has reached 50 million units sold, similar to the pace of its predecessor, the PS4. Sony credits this success to better availability, popular games like “Marvel’s Spider-Man 2” and “God of War Ragnarök,” and a variety of games like “Baldur’s Gate 3” and “Alan Wake 2.”
Sony has a history of being a leader in the gaming world with consoles like the PS2 and PS4. However, Microsoft is also making efforts to challenge Sony, as seen in its recent acquisition of Activision Blizzard. The gaming industry is currently very exciting, with estimated revenues exceeding $53 billion this year, and there’s a strong competition between Sony and Microsoft.
