Sony Faces PS5 Sales Challenges Despite Increased PlayStation Plus Engagement

Hardware sales decline but software and services keep PlayStation's overall income on the rise.

PS5 hardware sales fell from 3.3 million to 2.4 million units year over year.
Increased PlayStation Plus subscriptions contributed to a 12% rise in overall gaming income.
Sony recorded 116 million monthly active users in June, slightly down from the previous quarter.
Price remains a significant barrier, with the PS5 costing $499 in the US and €549 in Europe.
Rumors of a PS5 Pro and a potential PlayStation 6 are emerging as Sony navigates its mid-cycle phase.