PS5 Outpaces PS4 Sales as Xbox Series Falls Behind Xbox One

US gaming hardware sales dropped 25% in 2024, with PS5 leading the market despite an industry-wide decline.

The PlayStation 5 is tracking 7% ahead of the PS4 in US sales after 50 months on the market, signaling strong performance despite early supply chain challenges.
Xbox Series X|S sales are 18% behind the Xbox One's pace, highlighting a widening gap between Microsoft's and Sony's console performance.
Total US spending on gaming hardware in 2024 fell 25% compared to 2023, with December alone seeing a 29% year-over-year decline.
Mat Piscatella of Circana attributes the hardware sales drop to the Nintendo Switch nearing the end of its lifecycle and the PS5 and Xbox Series consoles passing their peak demand period.
Sony's PS5 is now the third best-selling console in US history by dollar sales, following the Nintendo Switch and Xbox 360, with 45% of its 2024 units sold being digital-only models.