Despite widespread shortages, Sony sold over 4.5 million PS5 units last year

Sony sold a whopping 5.9 million PlayStation consoles over the last three months of 2020, the company’s Q3 earnings report shows. Of these, 4.1 million units were PS5s, while the PS4 sales numbered 1.4 million units for the quarter.

The company said it’s well on its way to meeting its target of selling 7.6 million PS5 units by the end of its fiscal year in March. Sony acknowledged that it had failed to “fully meet the high level of demand” for its next-gen console, but promised to do everything in its power “to ship as many units as possible.”

And though it’s selling the new console at a loss, the company’s revenue from game sales and related services has been rising steadily, owing to a boost in stay-at-home demand. Gameplay time in December, for example, was 30% more than the same time last year, while Spider-Man: Miles Morales has already sold 4.1 million copies.

87% of PS5 owners are now subscribed to PlayStation Plus, and the combination of these has allowed Sony to increase gaming revenues to 883 billion yen, a 40% increase year-over-year. Profits were also up by 50% compared to the same time last year, with Sony raking in over 80 billion yen over the three-month period.