Big growth for Sony as it sold 9.5 million PS5 units in Q3 FY24 alone

Sony, the Japanese tech giant behind the PlayStation consoles, has recently revealed its Q3 FY24 reports.

The company said that it’s shipped a total of 74.9 million PS5 units since its release, with 9.5 million units sold in Q3 FY24 alone. It’s a big increase compared to the previous quarter, though it’s attributed to the holiday shopping period.

Sony’s fiscal year sales data also highlights a steady increase from 7.8 million units sold in FY2020 to 20.8 million in FY2023. Last year, the popular console generated $31.06 billion in revenue, reflecting a 1.7% year-over-year growth.

The strongest quarter was Q3, with a record $11.05 billion in revenue, largely driven by $3.8 billion in hardware sales and other segments.

Though, despite this impressive performance, PlayStation’s Q3 FY24 operating margin was only 7%, with an operating income of $775 million. The PS5 Pro has also been introduced, further contributing to the console’s success as the PS5 approaches its fifth anniversary.

A lot of exciting things have been happening at Sony in recent months.

The company has just held an action-packed 40-minute State of Play event, revealing a slew of upcoming PS5 titles, including Borderlands 4, Metal Gear Solid Delta: Snake Eater, and Stellar Blade’s crossover with Goddess of Victory: Nikke.

We also got new gameplay trailers for Sonic Racing: CrossWorlds, Split Fiction, and sci-fi horror games like Directive 8020, as well as quirky titles like Darwin’s Paradox.