• Loading stock data...
Thursday, June 12, 2025

Game On For Sony

Playstation 5
Photo Credit: Sony

Sony will make 10 million Playstation 5 units this year, doubling the initial projections for its new console due for release this fall. The boost in production comes as a result of the added demand for the next-generation console during the COVID-19 pandemic and an overall rise of interest in video games.

The company had originally planned to produce between 5 million and 6 million consoles by the end of March 2021. Even with the expected increase, there are still fears Sony won’t fill the demand this holiday season, especially if the coronavirus keeps people at home into the winter.

U.S. consumer spending on video games jumped 9% to $10.9 billion in the first quarter in 2020 setting a new quarterly record, according to NPD Group. There were $1.4 billion in hardware sales globally year-to-date through May, up 34% compared to last year.

Sony is looking to avoid the situation Nintendo suffered this spring when shipments of its Switch console were delayed from China, which led to it being sold out globally. Nintendo’s stock price hit a 12-year high in June thanks to that demand, and the company said it expects to sell 19 million consoles during its 2021 fiscal year.

There’s no official release date or price for Playstation 5, although analysts expect it to be around $499. Its “holiday release” also lines up with Microsoft’s release of its new Xbox Series X console.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jan 31, 2025; New Orleans, Louisiana, USA; Boston Celtics guard Jaylen Brown (7) reacts to a play against the New Orleans Pelicans during the first half at Smoothie King Center.
opinion

The Celtics Sale Set an NBA Record. How Long Will It Stand?

Owners and investors weigh in on the $6.1 billion Celtics price tag.
Jan 24, 2017; Davidson, NC, USA; The Davidson Wildcats student section cheers during the first half against the Duquesne Dukes at McKillop Court at John M. Belk Arena. Davidson defeated Duquesne 74-60.

Every College Wants a Flashy Basketball GM Hire Right Now

The role is more important than ever, and the definition is ever-evolving.
August 31, 2024; Columbus, Ohio, USA; The Goodyear blimp flies over Ohio Stadium during the first half of Saturday’s NCAA Division I football game between the Akron Zips and the Ohio State Buckeyes.

Why the Goodyear Blimp Is at Every Major Sports Event

The airship wasn’t built to cover sports. Now it’s a regular presence.

Featured Today

May 27, 2015; Paris, France; Mirjana Lucic-Baroni (CRO) knocks the clay off her shoe during her match against Simona Halep (ROU) on day four of the French Open at Roland Garros

Roland-Garros’s Iconic Red-Clay Surface Is a Precise Alchemy

The exact science behind maintaining the French Open’s red clay.
Alex Jensen introductory press conference on Monday, March 17, 2025.
June 3, 2025

Alex Jensen Started Utah Utes HC Job While Still Coaching the Mavs

How Jensen began building an NCAA program while patrolling the Dallas sideline.
May 31, 2025

PSG and the City of Paris Can Join European Soccer’s Elite

What a maiden Champions League title would mean for the French club.
May 30, 2025

How the Champions League Anthem Took on a Life of Its Own

The composer didn’t know he wrote a timeless hit three decades ago.
Gabby Thomas
exclusive

Grand Slam Track Cancels Los Angeles Meet As $30 Million Track Start-Up..

Sources close to Grand Slam insist money is not an issue.
Donald Trump, Nick Saban
May 22, 2025

Proposed Trump College Sports Commission May Never Happen

The White House is not sure of its plans.
May 23, 2025

New LPGA Commissioner: Women’s Golf ‘Really Hard’ to Find on TV

Former PGA of America COO Craig Kessler will lead the tour.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Ted Leonsis unpacks basketball’s global rise, media rights, and portfolio ownership.
May 15, 2025

PGA Championship Tees Off With Free Food, Record Hospitality Sales

General admission includes unlimited food and non-alcoholic beverages.
Allyson Felix
May 1, 2025

Allyson Felix on Olympic Pay, Nike, and Track’s Big-Money Era

Felix talked to FOS about her push to help Olympic parents and more.
Jordon Hudson
April 30, 2025

Bill Belichick Accuses CBS of ‘Selectively’ Editing Awkward Girlfriend Clip

The North Carolina coach cited his “professional” relationship with Jordon Hudson.
April 15, 2025

MLB Sticks With Jackie Robinson Tributes Despite DEI Pushback

The league’s customary celebrations clash against a White House-driven DEI purge.