SUMMARY

• The PlayStation VR2 soars past its predecessor, with almost 600,000 units sold within six weeks of its release.
• Sony plans to foster new PlayStation franchises, with the aim to achieve a balanced split of investments between legacy and new Intellectual Properties by 2025.
• Sony projects an increase in live service games investments for PS5.

In an unforeseen turn of events, Sony's PlayStation VR2 has seen a substantial upsurge in sales, significantly outperforming its predecessor within the initial weeks of its market debut. During a business exposition, Sony unveiled a robust sales report boasting nearly 600,000 PS VR2 units sold within the first six weeks of its availability.

This figure, marking an approximately 8 percent increase over the PS VR sales for the same timeframe, only accounts for sales until the beginning of April, suggesting that Sony has likely exceeded the 600,000 unit milestone. This is especially plausible given that the coveted headset is now retailing in stores, having been initially exclusive to Sony's online platform.

Aside from the successful PS VR2 launch, Sony also shed light on its future trajectory, signifying an earnest commitment towards developing new franchises for PlayStation in the forthcoming years. By the fiscal year 2025, Sony envisages a balanced PlayStation Studios investments' portfolio, split evenly between legacy and novel Intellectual Properties (IPs). A glance at its recent investment history suggests a predilection for established franchises such as 'God of War' and 'Horizon'. However, Sony is steadily shifting its emphasis, with 40 percent of its 2023 fiscal year investment slated for new franchises.

Sony has also announced its intent to fuel the live service games market, with titles such as 'Destiny 2' and 'MLB: The Show' at the forefront. As per projections for the fiscal year 2025, the tech giant anticipates that 60 percent of PS5 investments will be allocated towards live services, and 40 percent towards conventional games. The company also foresees a continual rise in the sales of add-on or downloadable content.

Notably, Sony anticipates the PS5 to surpass the PS4 across all major metrics in the near future. The company predicts a surge in monthly active users and total hours spent on the newer console by February 2024. This projection has been bolstered by Sony's successful resolution of its supply chain issues, which allowed it to outperform its PS5 sales forecasts for fiscal year 2022.

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