PS5 will be definitely Sony’s key driver this fiscal year. It’s the start of a new console generation, the previous PlayStation was released seven years ago, and the PS5 hype is already through the roof.
“Across the board if you look at games in particular, what was truly impressive was the strong, over 80% growth in the digital content sales which drove strong profit growth both in the first quarter, and I think will raise expectations for the full year,” Damian Thong, co-head of Asia technology research at Macquarie Capital Securities, told CNBC’s “Squawk Box Asia.”
Sony is also gearing up to release the PlayStation 5, its newest console since the PlayStation 4 in 2013. The Japanese firm said the new console will be available in time for the 2020 holiday season, just as Microsoft plans to release its new Xbox Series X.
“PS5 will be definitely Sony’s key driver this fiscal year,” Serkan Toto, CEO of Tokyo-based game industry consultancy Kantan Games, told CNBC. “It’s the start of a new console generation, the previous PlayStation was released seven years ago, and the PS5 hype is already through the roof.”
Thong is also bullish on the prospects for the console.
“I expect 6 million units of that to be sold, basically snapped up … out the opening gate,” he said. “And I would say that if you look at some of the recent trends, especially strong user engagement, strength in digital sales most of this trends will carry over to the PlayStation 5, providing, I think, good earnings momentum for Sony in the next couple of years to three years.”