Sony witnesses high demand for Play Station 5 through preorders
Category: #business  By Nikita Chaurasia  Date: 2020-10-29
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

Sony witnesses high demand for Play Station 5 through preorders

Japanese multinational conglomerate Sony Corporation has reportedly witnessed a high demand for its PlayStation 5 (PS5) console with the pre-orders coming in at an unexpected pace.

Market analysts claim that the company intends to lead the competition in the gaming market with the launch of the PS5 on November 12 this year.

The company has sold over 100 million PS4 units and intends to convince its user base to update to the latest console with better graphics, sound and input with a new controller in order to play upcoming games such as ‘Marvel's Spider-Man: Miles Morales.’

It is to be noted that the company has a vast network of in-house studios which develop exclusive games including Sucker Punch Productions' Ghost of Tsushima, to spurn competitors such as Microsoft's Xbox and new entrants, many of whom have struggled.

Sony had reportedly announced a leap in quarterly profit as the PS5 was projected to be the first product of the next generation to not to drive the company’s gaming division into an annual loss.

Jim Ryan, CEO at Sony, mentioned in a comment that the number of PlayStation 4 devices sold in its first 12 weeks of launch equals the number of PS5 consoles pre-sold in the initial 12 hours of its launch in the United States. He further added that the demand as inferred from the pre-orders has been relatively considerable.

If sources are to be believed, Sony 's share value surged by 47% since March low, while increasing by 1.8% in the recent past.

In similar developments, the Sony PS5 was scheduled to be launched in India on November 19, just in time for the country's festive season, sources claimed. However, owing to few trademark concerns, it now remains a question as to when exactly Sony India will unleash the gaming console of the next millennium.

Source Credits –

https://www.reuters.com/article/sony-playstation-5-int-idUSKBN27C2P7?taid=5f98edf84f48e300011f5db3&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

https://www.mysmartprice.com/gear/sony-ps5-trademark-dispute-cleared/

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Nikita Chaurasia     twitter

Nikita Chaurasia

Having always been daft at wordplay, Nikita Chaurasia, post the completion of post-graduation, commenced her journey into the content generation cosmos. Endowed with a professional MBA degree in Advertising and Public Relations, Nikita strives to integrate her creativ...

Read More..

More News By Nikita Chaurasia

Nokia partners with LG Uplus to expand 5G coverage in South Korea

Nokia partners with LG Uplus to expand 5G coverage in South Korea

By Nikita Chaurasia

Finnish telecommunications giant Nokia Corporation has reportedly signed a joint venture agreement with LG Uplus, a prominent cellular carrier, to expand 5G coverage in South Korea. The duo intends to achieve this by deploying Nokia’s end-to-e...

Mercedes-Benz unveils the S-Class of EVs, comes with a 56-inch display

Mercedes-Benz unveils the S-Class of EVs, comes with a 56-inch display

By Nikita Chaurasia

Mercedes-Benz, a German multinational automaker of luxury and commercial vehicles, has unveiled its flagship electric sedan, the EQS. The new vehicle is likely to allow Mercedes to take on Tesla Inc., as the market for electric vehicles (EVs) continu...

Ford takes on GM, Tesla by debuting its first hands-free driving system

Ford takes on GM, Tesla by debuting its first hands-free driving system

By Nikita Chaurasia

Ford Motor Company, the American multinational automaker, is reportedly planning on introducing a hands-free driving feature on its 2021 Mustang Models as well as 2021 F-150 pickup truck through a software update, by the end of the year. The automob...