2024-02-15 17:29:00
With all eyes on the future of Xbox, we cannot forget Sony’s latest financial report. A report that today caused a drop in shares that reached more than 8% and closed at 6.5% in what was the largest intraday drop since February 2022, according to reports VideoGamesChronicle. The reason? Well, the market is fickle, but certainly the statements about PS5 sales going down have undoubtedly had an influence.
Sony’s latest statements cause a historic drop in its shares
The fact that Sony has explained that PS5 reached its peak sales this last season (reaching 21 million consoles in homes, 4 below the target) and that Do not release games from existing sagas this fiscal year, it has not sat well with the market. Obviously these statements lend themselves to a second interpretation and that is that the objective of this fiscal year is precisely to start several new properties, but the reality is that betting on the new does not always sit well in the financial world.
Obviously, this does not mean that the year has gone badly in terms of sales, they simply have not reached the goal. This does not prevent them from keeping in mind what needs to be improved, of course. The multiplatform strategy is still very present, although some of its upcoming games are not designed for all markets.
There is still a long year ahead, but of course, between what is yet to be announced by Microsoft and Sony’s intentions not to be left behind, 2024 is undoubtedly going to be a very interesting period in the world of video games. At least as far as changes in trajectory are concerned.
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