PS5 Hits PS4 sales record - but replenishment will not be easy soon

PS5 Hits PS4 sales record - but replenishment will not be easy soon

The PS5 sold 7.8 million units as of March 31. This is despite the disastrous restocking of the PS5, which has made it nearly impossible for millions of gamers to actually get their hands on the console.

These sales figures come from Sony's most recent earnings report, which tracks the company's performance for the most recent fiscal year. The document reveals that the PS5 has outsold the PS4, which sold 7.6 million units in its first fiscal year, over the same period.

This corroborates information obtained from NPD earlier this month that the PS5 is the fastest-selling console in U.S. history (in both units sold and dollars sold). However, that report also stated that the Nintendo Switch sold more units in the first quarter of 2021, likely due to the greater availability of Nintendo's console.

The report stated that 4.5 million PS5s had been shipped by the end of 2020, with another 3.3 million shipped as of March 31. This suggests that despite overwhelming demand, Sony's ability to manufacture the console has not improved much since its launch.

As many frustrated gamers have noticed, actually purchasing a PS5 remains a very tricky task. The console is currently sold out worldwide, and restocks are infrequent and short-lived. Sony is making noises about improving supply in the coming months, but it will likely be around 2022 before the PS5 hits store shelves without a furious buying frenzy.

PlayStation's report is generally favorable. The division reported an operating profit of $3.14 billion, a record high, with hardware sales accounting for about 20% of that. The company also reaffirmed that PlayStation Plus subscribers reached 47.6 million.

Sony seems quite bullish about the remainder of this fiscal year and beyond, and expects even higher earnings next year. However, they expect total profits to be slightly lower due to rising costs in areas such as game development.

If you're still trying to become a PS5 owner, bookmark our PS5 buying guide. It should make the seemingly thankless task of actually purchasing Sony's next-generation console a little easier.

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