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.