PS5 Is Sony’s Fastest-Selling Console

    • Sony Interactive Entertainment has sold more than 10 million PlayStation 5 units globally.
    • The PS5 is now the fastest-selling console in Sony's history.

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Sony has sold more than 10 million PlayStation 5 units globally since its November 2020 release, making it the fastest-selling console in the company’s history.

PS5 hit the milestone despite a pandemic and supply chain issues caused by the semiconductor shortage plaguing the tech industry.

To ensure high-quality content for the PlayStation brand, Sony is investing heavily into studios.

  • Last year, it purchased “Spider-Man” maker Insomniac Games for $229 million.
  • In June, it acquired Housemarque, the Finnish studio behind PS5 hit “Returnal.”
  • Earlier this month, it bought Netherlands-based Nixxes Software

PS5 competes most directly with Microsoft’s Xbox Series X|S consoles, which also launched in November.

Microsoft doesn’t disclose exact hardware sales figures, but on Tuesday the company said that Xbox hardware sales increased 172% during the most recent quarter. Total gaming revenue shot up 11% year-over-year to $3.7 billion.

Sony delivers earnings on August 4 when it reports first-quarter results from fiscal 2021.