Sony stresses PlayStation user engagement

📆 5/30/2024 4:33 PM
📰 TheManilaTimes

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TOKYO – Sony on Thursday emphasized the strength of user engagement with its gaming platform as sales of the PlayStation 5 console taper off and companies in the sector look for recurring revenue.

PS5 users are spending around 25 percent more than during the previous PS4 console's life cycle, boosted by add-on content and services, including the PlayStation Plus subscription option.'This behavior underpins the durable, predictable nature of our revenue base,' gaming executive Hideaki Nishino told a strategy briefing.

The conglomerate sees lower PS5 sales of 18 million units in the current financial year after narrowly missing its revised target of 21 million units last year.The gaming sector is grappling with the cost of developing high-profile titles and weaker industry growth, with companies moving to lay off employees and halt projects.

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