You might be one of the many people who’ve been on the edge of your seat waiting to see if Sony will release a new PlayStation, but it might finally be your lucky day! On February 22, 2019, Sony announced that its profit nosedived by over 8 million dollars in its most recent quarter, and the reason seems to be pretty clear—Sony isn’t selling many PS4s right now. It could even mean that Sony has shifted its focus to next-gen consoles already.
According to reports, Sony’s profit for the fiscal year is down by a whopping 84%. This is largely due to the pandemic, which has caused many businesses to suffer. However, this could mean good news for gamers who have been waiting for the release of the PlayStation 5. With Sony’s profits taking such a hit, the company may be more likely to release the console sooner rather than later. Of course, this is all speculation at this point, but it’s something to keep an eye on if you’re hoping to get your hands on a PS5 in the near future. If Sony starts seeing another profitable year (fingers crossed), then we might not see the PS5 until 2020 or 2021. But as mentioned before, there are plenty of other consoles coming out over the next few years that will hold us over in the meantime. Whether it’s Nintendo Switch, Xbox One X, or PC gaming that you enjoy most- it looks like there will be plenty to play!
How We Could Stop This From Happening Again
It’s been over a year since the release of the PlayStation 5, and there are still many gamers who haven’t been able to get their hands on one. Sony’s profit nosedive could finally mean that more consoles will be made available to the public. However, we can’t keep relying on these companies to make these kinds of mistakes. We need to demand more from them. We need to be vocal about our disappointment and make it known that this is not acceptable. Only then will we see change. I know I’m not alone in feeling betrayed by Sony, but let’s work together to stop this from happening again. Sign your name to this petition so that next time they’ll remember what happens when they leave us hanging. Sony’s recent loss of billions is great news for anyone wanting to buy a PS5. The company has also announced plans to cut 3,000 jobs which would make room for more game production and would also help give people some hope for getting a new console soon.
We cannot rely on big corporations like Sony and Microsoft anymore, as they seem incapable of learning from their past mistakes. In order to combat these circumstances we must do two things: sign your name onto this petition so that we send a message that this behavior will not be tolerated; hold them accountable for their errors with the pressure of customer complaints at every turn until the problem disappears altogether.
When Can I Get My Hands on The PS5?
According to Sony’s recent financial report, the company is expecting a significant decrease in profit this year. While this news may be disheartening to some, it could also mean that the long-awaited release of the PlayStation 5 is finally on the horizon. Sony has been tight-lipped about when exactly the console will be released, but with production costs rising and profits falling, it seems likely that we’ll see the PS5 sooner rather than later. So if you’ve been waiting patiently for Sony’s next-gen console, your wait may finally be coming to an end. We don’t know what new features the PS5 will offer, but one thing is certain: it won’t be cheap.
The cost of manufacturing consoles has gone up significantly over the past few years. With both Microsoft and Nintendo releasing their latest consoles within two years of each other, it would make sense for Sony to try and get ahead of them by releasing its own system soon before they lose even more ground in the market share race.
The fact that PlayStation 4 sales are already declining means there isn’t much time left before gamers move on to new games and platforms altogether. In order to get players back onboard before they’re lost forever, Sony needs to make sure they deliver something special when they announce their new console–or risk losing those customers forever too.
What Does This Mean for the Industry in General?
It’s no secret that the video game industry is booming. With the release of new consoles like the PlayStation 5 and Xbox Series X, there has never been a better time to be a gamer. However, this new era of gaming comes at a cost. The price of next-generation consoles is higher than ever before, and it doesn’t seem like Sony is slowing down anytime soon. So what does this mean for gamers everywhere? Well, first off, it means you might finally get your hands on a PlayStation 5! After all, Sony seems to think they can afford to make these large financial losses if they’re going to maintain their current position in the market. And while some people might not want an upgrade so quickly after buying a console just three years ago, many others will be glad for an option other than shelling out $600+ for an entirely new system.
What do you think about Sony’s decision?
Is the PS5 worth waiting for or are we getting a little ahead of ourselves?
Leave us a comment below and let us know! The second thing it means is a bit more concerning. Since Sony is struggling financially, they may have to focus less on developing big games with extravagant budgets. These types of games are typically what bring people into the industry as players but also help keep interest up among those who already own a console. There are already plenty of highly anticipated titles coming out later this year and into 2020, but with such low-profit margins for Sony (roughly -9%), many believe even Nintendo won’t be immune from the financial downturns brought on by their competitors’ choices. Without high-quality games to attract both new and old players alike, competition could become increasingly difficult moving forward. Regardless of how you feel about the quality of Sony’s latest releases, it’s undeniable that their decline in profits signals major changes to come.