Sony Interactive Entertainment (SIE) announced on Wednesday that as of July 18, the PlayStation 5 has sold over 10 million units worldwide since its launch in November 2020. This makes the PS5 Sony‘s fastest-selling console.
President and CEO of SIE Jim Ryan acknowledged that despite the PS5’s sales momentum, there is still a shortage of consoles with supply continuing to exceed demand. He stated that “improving inventory levels remains a top priority.”
Bloomberg reported in May that Sony Group chief financial officer Hiroki Totoki had revealed in a briefing following Sony‘s financial results report in late April that the PlayStation 5 is expected to remain in short supply through 2022. According to Bloomberg, which reported based on several anonymous people, Totoki said, “I don’t think demand is calming down this year and even if we secure a lot more devices and produce many more units of the PlayStation 5 next year, our supply wouldn’t be able to catch up with demand.”
During the briefing, Sony stated that the PS5 has been difficult to keep in stock since launch partly due to shortages in components such as semiconductors.
Sony had sold 7.8 million units of the PS5 as of March 31. The company expects to sell at least 14.8 million units for this fiscal year.
The PS5 launched in the United States, Japan, Canada, Mexico, Australia, New Zealand, and South Korea on November 12, 2020. The console launched in most of the rest of the world on November 19, 2020. The PS5 retails for US$499.99, and the PS5 Digital Edition (which does not include an optical disc drive) retails for US$399.99.