Sony announces 10 million units sold for the PlayStation 5
Despite the shortage of supply, Sony managed to sell 10 million units of the PS5. The count was accurate, according to Sony Interactive Entertainment, as of July 18. It has only been 249 days since the console launched back in November 2020. Because of this feat, the PS5 is officially the fastest-selling console in Sony’s history.
This means that the PS5 has outpaced any of its predecessors. Sony’s best-selling console, the PS2, hit the 10 million mark a little over a year after it launched. The least successful among PlayStation consoles was the PS3, which took the longest to reach 10 million. It took the PS3 two and a half years. The PS4, on the other hand, was the reigning fastest-selling console until the PS5 broke the record. It only took the 4th-gen console to sell 10 million in a span of 271 days.
Note that Sony’s sales of the PS5 units don’t mean that 10 million units have been sold directly to customers. The shortage of the PlayStation 5 signaled to the market that demand was high and supply was low. The low supply further increased demand from console-hungry fans, which means retailers have high order numbers for the console from Sony. Whether or not the retailers get to sell these to the paying customer is another matter entirely. However, it’s moot at this point, as we all know how much in-demand the PS5 is right now.
As of the moment, a lot of PlayStation enthusiasts are still waiting for their turn to purchase the PS5. Sony has admitted that shortages in supply would likely continue until early 2022. The global shortage for semiconductors are starting to ease up, and perhaps the PS5 market will also stabilize by next year.