Video game news oriented community. No NanoUFO is not a bot :)
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My goal is just to have a community where people can go and see what new game news is out for the day and comment on it.
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It's going to be 4 years old this year in an industry that until recently had 5 year life cycles, it makes sense it's slowing down.
The PS3/Xbox 360 generation was artificially extended by the 2008 financial crisis (2005 - 2013).
It really looks like the PS5/XSX generation is going to be shortened by Covid.
This is the best summary I could come up with:
Sony now expects to sell 4 million fewer PS5 consoles in its 2023 fiscal year ending March 31st compared to previous projections, Bloomberg reports.
In its third quarter, Sony’s gaming revenue was up 16 percent versus the same period the previous year, sitting at 1.4 trillion yen (around $9.3 billion), but operating income was down 26 percent to 86.1 billion yen (around $572 million) due to promotions in the third quarter ending on December 31st.
According to Sony, the company plans to emphasize profitability over unit sales as the console approaches its fourth birthday.
“Looking ahead, PS5 will enter the latter stage of its life cycle,” said Sony senior vice president Naomi Matsuoka in comments reported by Bloomberg.
For this reason, we expect the annual sales pace of PS5 hardware will start falling from the next fiscal year.” Sony added it has no plans to release “any new major existing franchise titles” in its next fiscal year.
Later this year, Microsoft is expected to release a refreshed Xbox Series S and a disc-less Xbox Series X codenamed Brooklin with double the amount of storage as its existing model, while Nintendo is also expected to release a follow-up to its seven year-old Switch console.
The original article contains 346 words, the summary contains 202 words. Saved 42%. I'm a bot and I'm open source!
I just bought a PS5 because I've never had a PlayStation. It's great that it's basically a PS4 as well, but they're really failing to get new customers.
Most consoles have had a life span of 6 - 7 years. PS5 is just over 3 years. Talk about the PS6 all you want but if it releases before 2027 I’m waiting.