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

McKinsey commences job cuts focused on non-client serving teams

McKinsey commences job cuts focused on non-client serving teams

By Nikita Chaurasia

McKinsey and Co. a consulting giant entity has decided to start cutting jobs in one of the biggest rounds of layoffs for the company. This is likely to eliminate the jobs of about 2000 employees from work. The layoffs will be focused on support st...

Fintech firm PayPal to shed around 2000 staff as global economy plummets

Fintech firm PayPal to shed around 2000 staff as global economy plummets

By Nikita Chaurasia

PayPal, the U.S.-based fintech giant, has reportedly announced that it will cut nearly 2000 jobs, approximately 7% of its workforce, as it turns the latest prominent tech company to shed staff in a bid to cut costs. The online payments provider cl...

EasyJet sees a rise in bookings as customers plan their next vacations

EasyJet sees a rise in bookings as customers plan their next vacations

By Nikita Chaurasia

British multinational low-cost airline group, EasyJet, has reported a record surge in bookings for the month of January as people prioritized their travel plans for the coming year. The news comes as airlines world over start to show signs that they&...