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They only recently announced that the PS5 is rapidly reaching its EOL. It is seemingly not selling well at all. The early issues with supply and the lack of act

They only recently announced that the PS5 is rapidly reaching its EOL. It is seemingly not selling well at all. The early issues with supply and the lack of actually interesting games that are not just remakes has clearly not helped.

Grazester 3y ago
It's selling well. It may not be "omg we are drowning in sales". Sony has also broken even on the cost of hardware within a year of hardware sales
- dspillett 3y ago
  In a company like Sony, where shareholder value trumps any other value, "omg we are drowning in sales" is the definition of selling well and anything less is seen as a problem.
ErneX 3y ago
They said it was entering its latter stage, which makes sense given it is been close to 3.5 years since it came out and their generations usually last 7 years. It is selling pretty well too, I think I read even better than PS4 if you align their launches?
nerdjon 3y ago
I don't think that is what they announced, it did not reach their sales targets but they may have been expecting people to "upgrade" to the slim PS5 in those sales targets. It could still be selling well by every metric except for a higher expected sales than it should be. Especially since they also increased the prices in a few markets.
cwbriscoe 3y ago
The PS5 is selling above PS4 at this time in their respective console cycles.
jonhohle 3y ago
Despite a slow start it’s currently selling at a rate that would allow it to catch the PS4 which is the 5ᵀᴴ most sold console ever. I’m not sure what the guidance was, but even if they were off 4% this last quarter that still puts the PS4 ahead of the Wii by the end of its life. I doubt a company would ever announce a console is EOL befor their next one is on the shelves. Are you sure that wasn’t about the PS4?
- erinnh 3y ago
  They announced that it is reaching „the latter stage“ of its life. Not that it has reached EOL.
diggan 3y ago
> It is seemingly not selling well at all. Yeah, it's only the 15th best selling console after all :/ Sounds like something else might be wrong if you can sell +50 million units and still not consider it "selling well" or making a profit.
- skywal_l 3y ago
  Inertia. People probably bought the PS5 because they were happy of their PS4. My guess is the PS6 will be the nail in the coffin...
- BowBun 3y ago
  > Yeah, it's only the 15th best selling console after all :/ That's one way to frame it. Another is that the PS5 is the worst-selling Playstation console (non-handheld) ever. It has not met expectations at all.
  - crocowhile 3y ago
    I have PS4 pro and for as long as I tried to find one, there is not a single reason for me to upgrade. I bought a Quest 3 instead.
- glimshe 3y ago
  The Atari 2600 sold more units 40 years ago in North America than the PS5. They expected a lot better than the current numbers.
kotaKat 3y ago
> lack of actually interesting games I mean, it'd be great if Sony would get on board with allowing smaller devs to join the Playstation platform but the amount of literal gatekeeping that Sony keeps in the stable is disgusting to watch. Hell, I'd love to be able to dev myself for it but nope! Sony gatekeeps me from running my own code on my own metal.
scioto 3y ago
Tiny data point to support: when the PS5 first came out and for what I perceived a long time afterward it was hard has heck to get one, so I lost interest and put together another Windows gaming machine. Never came back on my radar.
hbn 3y ago
> They only recently announced that the PS5 is rapidly reaching its EOL. They didn't "announce" this, I don't know why people keep parroting it. Why would a company say that about the console they're still trying to sell? They said it was entering the latter stage of its life cycle. In other words, it's at the halfway point. And yeah, we're almost at 3.5 years which is the halfway point of the typical 7 year console life cycle.

Grazester 3y ago

It's selling well. It may not be "omg we are drowning in sales". Sony has also broken even on the cost of hardware within a year of hardware sales

dspillett 3y ago
In a company like Sony, where shareholder value trumps any other value, "omg we are drowning in sales" is the definition of selling well and anything less is seen as a problem.

ErneX 3y ago

They said it was entering its latter stage, which makes sense given it is been close to 3.5 years since it came out and their generations usually last 7 years. It is selling pretty well too, I think I read even better than PS4 if you align their launches?

nerdjon 3y ago

I don't think that is what they announced, it did not reach their sales targets but they may have been expecting people to "upgrade" to the slim PS5 in those sales targets. It could still be selling well by every metric except for a higher expected sales than it should be. Especially since they also increased the prices in a few markets.

cwbriscoe 3y ago

The PS5 is selling above PS4 at this time in their respective console cycles.

jonhohle 3y ago

Despite a slow start it’s currently selling at a rate that would allow it to catch the PS4 which is the 5ᵀᴴ most sold console ever. I’m not sure what the guidance was, but even if they were off 4% this last quarter that still puts the PS4 ahead of the Wii by the end of its life. I doubt a company would ever announce a console is EOL befor their next one is on the shelves. Are you sure that wasn’t about the PS4?

erinnh 3y ago
They announced that it is reaching „the latter stage“ of its life. Not that it has reached EOL.

diggan 3y ago

> It is seemingly not selling well at all. Yeah, it's only the 15th best selling console after all :/ Sounds like something else might be wrong if you can sell +50 million units and still not consider it "selling well" or making a profit.

skywal_l 3y ago
Inertia. People probably bought the PS5 because they were happy of their PS4. My guess is the PS6 will be the nail in the coffin...
BowBun 3y ago
> Yeah, it's only the 15th best selling console after all :/ That's one way to frame it. Another is that the PS5 is the worst-selling Playstation console (non-handheld) ever. It has not met expectations at all.
- crocowhile 3y ago
  I have PS4 pro and for as long as I tried to find one, there is not a single reason for me to upgrade. I bought a Quest 3 instead.
glimshe 3y ago
The Atari 2600 sold more units 40 years ago in North America than the PS5. They expected a lot better than the current numbers.

kotaKat 3y ago

> lack of actually interesting games I mean, it'd be great if Sony would get on board with allowing smaller devs to join the Playstation platform but the amount of literal gatekeeping that Sony keeps in the stable is disgusting to watch. Hell, I'd love to be able to dev myself for it but nope! Sony gatekeeps me from running my own code on my own metal.

scioto 3y ago

Tiny data point to support: when the PS5 first came out and for what I perceived a long time afterward it was hard has heck to get one, so I lost interest and put together another Windows gaming machine. Never came back on my radar.

hbn 3y ago

> They only recently announced that the PS5 is rapidly reaching its EOL. They didn't "announce" this, I don't know why people keep parroting it. Why would a company say that about the console they're still trying to sell? They said it was entering the latter stage of its life cycle. In other words, it's at the halfway point. And yeah, we're almost at 3.5 years which is the halfway point of the typical 7 year console life cycle.