Sony sells more than 7 million PlayStation 5 consoles

According to Sony’s latest earnings report, the company sold 7.8 million PlayStation 5 consoles as of March 31.


PlayStation Plus subscribers increased by 14.7 percent year over year to 47.6 million.


For the fiscal year that ended March 31, 2021, Sony made a profit of 1.17 trillion yen ($11 billion).


According to Reuters, the profit nearly doubled from 582 billion yen the previous fiscal year.


Sales increased by 27%, from 1.7 trillion yen to 2.2 trillion yen ($20 billion). Last year, Sony made a profit of 12.6 billion yen from January to March.


In terms of the PlayStation 5, Sony previously stated that the console will sell 4.5 million units by the end of 2020.


In the months of January and March, the company sold an additional 3.3 million units.


Despite the fact that sales have exploded, the console remains out of reach for many.


Sony, according to sources, has struggled to keep up with demand for the new console.


Sony’s PlayStation, according to estimates, is the company’s fastest-selling console in the United States.


Also read: Sony unveils 6 PlayStation VR games


According to The Verge, Nintendo sold more Switch units than Sony did for the PlayStation 5.


Despite high interest and sales growth, Sony predicts a 44 percent decline in profit for the fiscal year ending March 220.