Sony PS5 sales plummet

Sony has reported a dramatic 46% decline in PlayStation 5 hardware sales over the past year, attributing the slump to a global shortage of critical memory components.

Despite the hardware downturn, the company's music and image sensor divisions provided a vital buffer, leading to an overall 13% increase in projected net profit.

Sony executives also detailed a new strategy to integrate generative AI into game development to reduce rising costs and accelerate production timelines.

However, the company remains undecided on the launch date and pricing for its next-generation console, the PlayStation 6, as the memory crisis persists.