PS6 Release Date And Price Are Still Up In The Air, Sony Says
Overview & Key Takeaways
In its latest financial results, Sony revealed that it has yet to determine pricing or a launch date for the PlayStation 6. While the console hasn't been officially unveiled yet, Sony did mention that it is increasing investment in its "next-generation platform" while also working out how to deal with the global component shortage crisis driven by various global factors currently.
Responding to questions, Sony president and CEO Hiroki Totoki explained that the rising costs for vital components like RAM would have an impact on its PS6 plans. "We have not yet decided on at what timing we will launch the new console, or at what prices," Totoki said during the call.
"We would like to really observe and follow the situation. Looking at the current circumstances, the memory price is also expected to be very high in the Financial Year 2027, because there will still be a shortage of supply. So under that assumption, we must think carefully about what we will do."
In its latest financial results, Sony revealed that it has yet to determine pricing or a launch date for the PlayStation 6. While the console hasn't been officially unveiled yet, Sony did mention that it is increasing investment in its "next-generation platform" while also working out how to deal with the global component shortage crisis driven by various global factors currently.
Responding to questions, Sony president and CEO Hiroki Totoki explained that the rising costs for vital components like RAM would have an impact on its PS6 plans. "We have not yet decided on at what timing we will launch the new console, or at what prices," Totoki said during the call.
"We would like to really observe and follow the situation. Looking at the current circumstances, the memory price is also expected to be very high in the Financial Year 2027, because there will still be a shortage of supply. So under that assumption, we must think carefully about what we will do."
One industry analyst predicted that the PS6 might not arrive until 2028, which could make the current PlayStation generation the longest to date.
Totoki added that Sony is examining how best it can reduce costs, including "changing business models" as a potential strategy. After increasing the price of its PS5 hardware earlier this year, Sony noted that sales had plummeted by 46% year-over-year, with the company selling 1.5 million units in the last three months ending on March 31. This brings lifetime sales of the PS5 up to 93.7 million, slightly behind the PS4 at the same point in its lifecycle.
Sony also noted that the vast majority of its game sales are now digital, and despite recording a massive $565 million loss against Bungie, the company's operating income from gaming has risen by 12%.
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