Sony cuts PlayStation 5 sales forecast to 21 million units after posting record revenue

Sony has revised its sales forecast for the PlayStation 5 console, citing weaker sales in its gaming division. The company now expects to sell 21 million units of the PS5 by March, down from the previous forecast of 25 million units. This decision comes after Sony achieved record quarterly revenue during the December quarter. Sales of the PS5 reached 8.2 million units in the fiscal third quarter and a total of 16.4 million units so far in the fiscal year. Sony’s gaming division sales forecast has also been adjusted downwards, primarily due to an anticipated decrease in hardware sales. The company’s overall sales forecast for the fiscal year has been slightly lowered as well. Sony performed above analysts’ expectations during the fiscal third quarter, reporting higher revenue and operating profit than forecasted. Additionally, Sony plans to partially spin off its financial services business through a public listing in October 2025. The financial services unit experienced significant revenue growth in the December quarter, largely driven by increased sales in its insurance business. Sony’s image sensor business also saw a 21% rise in sales.