Sony's lowered projection came alongside negative sales data for its 2022 Q1, ending June 30.
Sony lowered its expectations for its 2022 PlayStation business this morning, trimming its annual sales forecast from $27.4 billion to $27.1 billion.It's another downward indicator from a top gaming company this week. However, it's small enough that panic about the industry is probably premature.For the quarter, the PlayStation division netting ¥604 billion , down from ¥616 billion in the same quarter for the year before.
Microsoft's drop was significantly impacted by adverse exchange rates, industry analysts at Cowen told investors, and Capcom's hit appeared largely due to a tough comparison to the spring 2021, when it had launched the blockbuster Resident Evil Village. A slew of major game delays is also depressing expectations for the rest of the year. Anticipated holiday releases such as Xbox's Starfield, Ubisoft's Avatar: Frontiers of Pandora, Warner Bros. Suicide Squad and more have: Sony blamed one key negative stat on a less temporary factor, the winding down of COVID-19 lockdowns that had triggered a surge in the gaming business over the last two years.
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