PlayStation 5 has sold more units than Xbox One over its lifetime, but Sony still doesn’t meet its new annual goal.

In terms of lifetime sales, PlayStation 5 has surpassed Xbox One, but it is still not enough to meet Sony's revised annual objective.

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Sony just released its financial report for the fourth quarter of its fiscal year. It shows that from the start to now, more than 59.2 million PlayStation 5 units have been sold, making it more popular than the Xbox One. But the machine didn’t sell enough to meet Sony’s new sales goal for the quarter.

Sony had originally thought that it would sell 25 million PS5 systems during its fiscal year. However, sales were lower than expected, so 10 million consoles would have to be sold in the last quarter to make that goal. That was never going to happen, so Sony lowered its goal for the year by 4 million units to 21 million units.

With 4.5 million PS5s sold in Q4, the year-to-date total is now 20.8 million, which is only 200,000 short of Sony’s new goal. Compared to the same quarter last year, when 6.3 million consoles were sold, that’s also a drop of almost 2 million units.

This fiscal year, Sony thinks that 18 million units will be sold during the 12 months. It would have sold 71.2 million units over its lifetime, more than the NES but less than the Nintendo 3DS (75.94 million units). Even though the PlayStation 5 Pro isn’t coming out until later this year, it will still be a long way behind the PS4, which has sold 117.2 million units since it came out.

In the 12 weeks after it came out, Helldivers 2 sold 12 million copies on both the PlayStation 5 and PC, which is an amazing 1 million copies per week. That makes it Sony’s all-time best-selling PlayStation game. Many people were upset about the game because Sony made PC players sign in to a PSN account. After a worldwide uproar, Sony removed the requirement.

Sony said that its running gains for FY 2023 were down 7% year over year. The company said that the biggest reason for the drop in profit was its financial services arm. The image and sensing solutions business also had a 9% drop in operating income year over year.

Before the financial results came out, Sony made Hermen Hulst and Hideaki Nishino co-CEOs of PlayStation. Both of them are experienced executives. The studio business group at Sony Interactive Entertainment (SIE) will be run by Hulst, and the platform business group at SIE will be run by Nishino. The move comes a few months after Jim Ryan, who used to run PlayStation, retired.

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