Sony's holiday PS5 sales dropped 16 percent compared to last year

Sony has now shipped 92.2 million PlayStation 5 consoles in total around the world, but sales were down sharply over the holiday season compared to last year. In its latest earnings report, the company said it shipped eight million PS5s during its key third quarter, 1.5 million (16 percent) lower than in the same period last year. The gaming division still made more profit, though, thanks to a boost in software sales and a low yen.

Sony’s first two quarters this fiscal year saw an increase in PS5s sold, so the holiday decline is a bit surprising. That said, sales during the same period the previous year were an outlier at 9.5 million units sold, far and away its best period since the console went on sale in November 2020.

Software sales, however, were exceptional ...