Gaming

Sony says its next PlayStation is progressing as scheduled

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Sony says its next PlayStation is progressing as scheduled

Sony plans to step up preparations for its next platform during its next business year, while its reveal date remains unannounced.

Sony says its next PlayStation is progressing as scheduled, with preparations set to advance next business year. According to Eurogamer’s report, CFO Lin Tao said Sony intends to make solid progress preparing for the platform during that year. Sony will make the necessary investments.

Sony plans to announce the platform at an appropriate time in the future, but has not given a date for that announcement.

Sony says it has secured enough memory hardware for its next business year. The company also said it offset rising memory costs through cost reductions and price increases.

The PS5 reached 97.9 million cumulative sales after Sony sold 2.6 million consoles. Tao said PS5 unit sales are gradually declining as expected at this stage of the console life cycle, while the PlayStation platform continues to expand and grow in a stable manner.

Sony also reported a year-on-year increase of 89 percent in operating income. Those results sit alongside its plans to invest in the next platform.