Sony made $8.3 billion via hardware in FY22, over $3 billion more than last year

PlayStation has achieved multiple records, including hardware, software, and total gaming revenues. In a somewhat rare occurrence, console hardware actually led Sony Corp's. triumphant charge in gaming.

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Driven by new upticks in adoption, Sony's games division is achieving record success on all relevant consumer sales metrics. The company's full-year results show new all-time highs in PlayStation 5 shipments, with Sony shipping 19 million PS5s during the year while also breaking a new first-quarter calendar year record for most consoles shipped during Q1.

The significant PS5 sales surge has translated to record PlayStation console sales for any given year. Sony generated $8.297 billion from console sales during Fiscal Year 2022, which was over $3 billion more than last year and up nearly 57% year-over-year. The earnings were driven by two back-to-back record console sales quarters during Holiday 2022 ($3.11 billion) and the early January - March quarter ($2.909 billion).

Revenues are not profit, though, and Sony does not divulge the exact profit margins for its hardware segment.

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To put these numbers into further perspective, Sony's hardware revenues alone for FY22 are almost as much as the discrepancy between total PlayStation and Xbox earnings for 2022, which amounted to $8.8 billion.

As a result of the over-performance, hardware commanded the top spot in total segment revenues. Throughout FY22, PlayStation hardware made more money than any other segment, even Add-On Content, which is typically Sony's most lucrative games segment due to in-game purchases and strong monetization across the top most-played games.

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This kind of hardware performance does not happen often. In the past three years, console performance share typically makes up anywhere from 19-22% of total Games & Network Services revenues.

Sony plans to ship a staggering 25 million PlayStation 5 consoles in FY23 in an effort to push these results even higher and fill out the system's install base.

As of March 2023, Sony has shipped 38.4 million PlayStation 5 consoles, however the system is still behind the PS4's modern reign. That will change if Sony is able to hit its ambitious production and shipment target for this fiscal year.

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