PS5 games sales and engagement are higher than PS4’s; Supply / demand balance improves in the last half of the year

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Yesterday we got an update on PS5 exclusive games, with Hermen Hulst, head of Sony Interactive Entertainment Worldwide Studios, confirming that more than 25 games are in development and nearly half are new intellectual properties.

The same article posted by Wired however, contains other interesting PS5 details. For example, SIE President and CEO Jim Ryan released the following statement about Sony’s continued efforts to improve the availability of the PS5 console.

We are working as hard as we can to improve that situation. We see production increasing during the summer and certainly in the second half of the year, and we hope to see some sort of return to normalcy in terms of the balance between supply and demand during that period.

Sony certainly hopes to have enough PlayStation 5 consoles to sell during the fall season, especially as the big PS5 exclusive game for the year, Horizon: Forbidden West, is likely to launch in that time frame.

Meanwhile, however, a spokesperson told Wired that the new console managed to sell 11% more game units than the PlayStation 4 in the first five months of their respective launches. User engagement was also much higher, with 81% more time spent by PlayStation users logged into the PS5 compared to the timeframe of the PlayStation 4’s launch (between late 2013 and early 2014).

Admittedly, these numbers are clearly affected by the lockdowns caused by COVID-19. In fact, the entire PlayStation ecosystem, including the PS4, saw a twenty percent increase in users’ playtime year-on-year in the month of March 2021.

Analysts like Newzoo expect the global reopening to impact the console market in 2021, which should shrink 8.9% compared to last year’s pandemic explosion. However, Newzoo also predicts that consoles should become the fastest growing sector of the games industry by 2022, mainly because of all the major triple-A game releases that have been delayed this year.

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