Record-Breaking Sales of PlayStation 5 Brings It Closer to Becoming the ‘Greatest of All Time’ in the Gaming Console Industry

The month of February had been phenomenal for the Sony gaming console, PlayStation 5. Not only did the hardware tower the rivals in terms of sales and profits, but the software sales also made groundbreaking revenues. Looking at the product’s historical performance in the market, experts believe, PS 5 latest quarter could be, “the biggest first quarter in gaming history,”.

According to the video game industry analyst, Mat Piscatella, spending on video game hardware has increased a whopping 68% in recent years. This year alone, video game hardware spending has increased by 28%. From $687 million, it has increased to $888 million. Moreover, Piscatella believes this growth was driven by PlayStation 5. 

Sony’s PlayStation 5 making history

According to Mat Piscatella’s report, the current quarter has been good for the PlayStation 5. According to the experts, there are many influencing factors to this success, including the highly anticipated releases of Hogwarts Legacy, Call of Duty Modern Warfare II, and the new PC port of the famed The Last of Us Part I. 

Circana himself confirmed that the unit has set a new record for an individual PlayStation hardware platform in the United States. This information confirms that the console sold more copies than the previous record holder, PS2. Currently, the estimated number for the sale is around or over 500,000 units. 

According to a recent report by Insider-Gaming the PlayStation 5 has the potential to become the biggest-selling console in gaming history. “The PlayStation 5 did not only beat those hardware records. It made history for itself by selling more than any previous PlayStation console had. It seems that the PlayStation 5 is marking its name as the console with the biggest first quarter in gaming history. This would not only be in comparison to the PlayStation 5’s predecessors, but to all gaming consoles.” said the report. 

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The market giants, who made billions, in mere months, are here to stay in the top spot.

The Groundbreaking software sales

However, hardware wasn’t the only hero, the software sales also saw a massive increase in sales in recent months for the overall gaming market. Other than the aforementioned Last of Us Part I, Hogwarts Legacy, and Call of Duty, gaming software witnessed a massive incline even in indie and niche franchises. 

According to Mat Piscatella:

1. Hogwarts Legacy
2. Call of Duty: Modern Warfare 2
3. Dead Space
4. Madden NFL 23
5. FIFA 23
6. The Last of Us: Part 1
7. Elden Ring
8. Wild Hearts
9. Like a Dragon: Ishin
10. Octopath Traveler 2
11. God of War Ragnarok
12. Minecraft
13. Mario Kart 8*
14. Pokémon Scarlet & Violet*
15. Kirby’s Return to Dream Land*
16. Company of Heroes 3
17. Sonic Frontiers
18. The Last of Us: Part 2
19. NBA 2K23*
20. Theatrhythm: Final Bar Line*

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