Sony is selling the PS5 at a loss, investors told #Gaming #Business
There was a lot of speculation that Sony couldn’t be making much on the newest console but the news is still surprising. Somehow this makes me even more frustrated with the scalpers. Polygon has more:
Sony shipped more than 4.5 million PlayStation 5s from the console’s Nov. 12 launch to the end of the year, but it took a loss on those sales because the PS5’s “strategic price point” is lower than what it cost to manufacture it.
By comparison, the PlayStation 4 sold more than 4.2 million units from its November 2013 launch to the end of that year. The company in November said the new PlayStation 5 is facing “unprecedented” demand, making its availability scarce, even though more PS5s have been available, in whole numbers, than their predecessor. Microsoft’s Xbox Series X has faced the same issue, with the company’s chief financial officer telling investors back in November that a console shortage could last until April.
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