Data Suggests $70 Price Leading To Lower PS5 Game Sales

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Obaid Ur Rehman

At HI Digital I test and write about different hardware configurations to show other PC users what they can expect from their build. My end goal is to educate the masses to make the right decision when they are looking for new PC parts to buy

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Recently PS5 has made a new record by shipping 6.3 Million Consoles in Q1 2023. The sales of PS5 are undoubtedly doing well, but the same cannot be said for the games. While games are still being sold in massive numbers, data from Sony shows that users are buying fewer games than before.

The main reason for this appears to be the sudden increase in price and inflation, which have caused gamers to not spend too much on games. As reported by TweakTown, gamers are buying fewer PlayStation copies than before, and the new $69.99 price tag may be the main reason for the declining sales.

The latest report is Sony’s best ever for PlayStation earnings, as it generated a whopping $27 Billion in revenue. However, game sales were not the most significant contributor to this large figure.

Sony confirmed that PlayStation saw a whopping loss of 38.6 million games sold this quarter compared to last year. Furthermore, data also shows that even big IPs like Call of Duty could not compensate for this decrease.

While Call of Duty launched to much praise last year, PlayStation suffered a 15.7 million drop in third-party sales compared to the previous year. Despite all of this, PlayStation has seen significant profits and growth.

Gamers are still spending on the hobby, but the price tag of $69.99 may have encouraged users to refrain from a few big third-party releases.

It could be argued that users are shifting towards the PS Plus subscription, but that does not seem to be the case either. The revenue generated by PS Plus is currently lower than the previous year.

With this data, it seems likely that the new price tag is negatively impacting the sales of games. Meanwhile, gamers are still spending on purchases like micro-transactions and more.

What do you think of the new games being sold for $69.99? Do you think recent games justify this price?

Obaid Ur Rehman

[How-To Guides Expert]

Laiba, our tech guru at HI Digital, simplifies and crafts How-To Guides with a Google IT Support Certificate. Beyond tech, she captures the city’s aesthetics through her lens. Join her journey where tech meets creativity!

Get In Touch: Laiba@hidgt.com