PS5 Sells Normally: How Many Have Sold and Why?

PS5 Sells Normally

With the release of the PlayStation 5 console, Sony has seen unprecedented demand, and supply chain concerns haven’t exactly helped get them into the hands of everyone who wants one. Nonetheless, the PS5 sells like hotcakes, with over 38 million devices delivered to households worldwide in its first three years.

PS5 sales are projected to climb further, with some of the best exclusive games still in production and supply finally catching up with demand. Everything you need to know about the “PS5 sells normally” scenario is right here.

PS5 Sells Normally: How Many Have Sold and Why?

The PlayStation 5 had sold 38.5 million units globally as of March 2023, much above its 2022 prediction of 18 million.

The PlayStation 5 has sold a projected 5.28 million units year to date in 2023, the Nintendo Switch has sold 3.21 million units, and the Xbox Series X|S has sold 1.52 million units.

If you’ve ever tried to buy a PlayStation 5, you’ll know that they usually sell out in minutes, if not seconds. Since its introduction in November 2020, around 1,000 PS5s have been sold every minute in the United States.

In comparison, at the same stage in the product lifecycle, PS4 consoles were selling at a rate of six per minute in the United States.

Higher demand is making it more difficult to obtain a PS5, and a limited supply made it practically impossible in the beginning. PS4s, on the other hand, are still widely available and reasonably priced.

To Sony’s credit, many new games have had a dual-release on both the PS4 and PS5 systems, with users receiving a free upgrade to the PS5 version once they purchase the console, so they don’t have to wait for the latest releases.

PS5 Sells Normally: How Many Have Sold and Why?

Check out the Americas sales breakdown, Europe sales breakdown, and Japan sales breakdown.

Monthly Sales:

  • Estimates for global hardware in March 2023 (followed by lifetime sales):

PlayStation 5 – 2,012,787 (35,804,643)
Switch – 1,135,507 (123,911,268)
Xbox Series X|S – 556,014 (21,351,543)
PlayStation 4 – 19,482 (117,020,546)

  • Hardware estimates for the Americas (the United States, Canada, and Latin America) for March 2023:

PlayStation 5 – 811,288
Switch – 392,078
Xbox Series X|S – 367,728
PlayStation 4 – 3,666

  • Estimates for Europe’s hardware in March 2023:

PlayStation 5 – 597,455
Switch – 273,576
Xbox Series X|S – 133,983
PlayStation 4 – 5,506

  • Hardware estimates for March 2023 in Asia (Japan, mainland Asia, and the Middle East):

PlayStation 5 – 532,201
Switch – 435,010
Xbox Series X|S – 21,639
PlayStation 4 – 10,027

  • Estimated hardware for Oceania (Australia and New Zealand) in March 2023:

PlayStation 5 – 71,843
Switch – 34,843
Xbox Series X|S – 32,664
PlayStation 4 – 283
Weekly Sales:

  • Global hardware projections for March 4, 2023:

PlayStation 5 – 436,317
Switch – 233,178
Xbox Series X|S – 98,649
PlayStation 4 – 4,904

  • Global hardware projections for March 11, 2023:

PlayStation 5 – 410,774
Switch – 222,565
Xbox Series X|S – 106,497
PlayStation 4 – 3,874

  • Global hardware projections for March 18, 2023:

PlayStation 5 – 378,024
Switch – 219,528
Xbox Series X|S – 103,072
PlayStation 4 – 3,242

  • Global hardware projections for March 25, 2023:

PlayStation 5 – 417,803
Switch – 224,084
Xbox Series X|S – 128,869
PlayStation 4 – 3,758

  • Global hardware projections for April 1, 2023:

PlayStation 5 – 369,869
Switch – 236,152
Xbox Series X|S – 118,927
PlayStation 4 – 3,704

How Did the Pandemic Supply Chain Disruption Affected Sales?

In its first year on the market, the PS5 outsold the PS4. Due to supply concerns, however, the PS5 undersold the PS4 in its second year.

The COVID-19 epidemic, which caused staff shortages and plant shutdowns, and Russia’s impact on logistics, which slowed down part inventory, have been the two most significant barriers to producing more PS5s.

The good news is that the PS5 nearly bridged the sales gap with the PS4 in its third year. Sony recruited numerous vendors for increased agility in volatile market conditions and is currently negotiating new logistical agreements to sustain console delivery routes. That tactic appeared to be successful in reaching the 30 million level.

In comparison, just over two years after its North American debut in November 2013, the PlayStation 4 sold 30.2 million units on November 22, 2015.

At CES 2023, Sony Interactive Entertainment President and CEO Jim Ryan announced that December 2022 was the console’s best-selling month to date, and that “everyone who wants a PS5 should have a much easier time finding one at retailers globally, starting from this point forward.”

By its fourth year, the PS5 had surpassed the PS4 in terms of sales. According to Sony’s most recent financial performance report, the PlayStation 5 sold 6.3 million units in the fourth quarter of fiscal year 2022-23. This was more than three times its sales in the fourth quarter of the previous year, when it sold only two million devices.

How Do PS5 Sales Compare to PS4 Sales in the First Two Years?

How Do PS5 Sales Compare to PS4 Sales in the First Two Years?

Sony’s PlayStation 4 was an immensely popular platform, selling over 100 million units to date, more than twice as many as the Xbox One did in its lifetime.

The PS4 sold 20 million devices 15 months faster than the PS5, in 15 months versus 18 months, however to be fair, the PS5 would have reached that milestone considerably sooner if not for the global chip shortage.

In terms of revenue, Sony’s PS5 has been a huge success, with net sales exceeding two billion dollars by 2020. Granted, the PS5 machine is more expensive than the PS4, but there has also been a substantial digital transition.

Because more individuals stayed at home during the epidemic, more players purchased games from the PlayStation shop rather than real discs from traditional brick-and-mortar businesses. In 2017, digital and disc game sales were about 50/50, but by 2021, they were split 80/20.

Bottom Line

PS5 has brought huge revenue for Sony since its launch until now. By comparing its sales with previous models, we can see that clearly.

Although the Covid-19 pandemic has affected the production process, it is also the reason that drives the demand to buy PS5.

As of March 2023, the PS5 has sold 38.5 million units worldwide, proving that the “PS5 sells normally”.

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