2024 is off to a great start and is filled with outstanding video games, although many of them have yet to be published. Nevertheless, Sony decided to jump off the boat following the statement made in its latest financial report, as it stated in it that it does not have plans to release any video game on PS5 during the next financial year that matches one of its existing core franchises.
Therefore, this means that there will be no very important news. from April 1, 2024 to March 31, 2025. Likewise, to make it clear what games this decision covers, it applies to franchises such as God of War or Marvel’s Spider-Man, as well as other brand new exclusives such as Rise of the Ronin, or that do not correspond to the main sagas . , for example, in the case of the remastering of Until Dawn, this measure will not affect them.
Moreover, this announcement was accompanied by data obtained by Sony for the last quarter of 2023, which shows that the PS5 continues to sell at a very good pace, while sales of the main games in the franchise have dropped significantly. compared to the figures obtained last year for the same time period.
For all these reasons, Hiroki Totoki, Sony’s CFO and COO, wanted to state that his goal will continue to be to create very high quality products, although he is clear that this is a decision will have a negative impact on console sales starting from the next financial year.
Regarding our own software, our goal is to continue to focus on creating high-quality products and developing service games. Although we are currently developing very important projects, we do not plan to release any new games from an existing major franchise during the next fiscal year.
We expect proprietary software revenue to decline slightly starting this fiscal year due to lower sales. As a result, operating profit for the next fiscal year is expected to increase slightly compared to this fiscal year. However, while this is our baseline forecast, we are considering measures to further improve profitability ahead of the expected full-year results announcement in May.
For PS5 hardware, which will be entering its fifth year since launch, in part because it is entering the second half of the console cycle, our goal is to optimize sales with a greater emphasis on balancing with profit, so we expect a gradual decline in sales. sales from the next financial year.
We expect third-party software sales to continue to gradually increase due to PS5 expansion and high user engagement. In the network services business, we expect subscriber numbers to be at or slightly below this fiscal year’s levels due to the impact of the pricing review we undertook this fiscal year, but we expect sales to gradually expand due to the shift to attractive premiums services.
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