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Sony Set to Launch PlayStation 5 Pro in Late 2024 Amid Financial Challenges

The anticipated release aims to boost the PlayStation brand, featuring advanced technology and targeting the upcoming GTA VI launch.

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The Last of Us Part 2 and Marvel's Spider-Man 2 are two of Sony's most expensive video games ever and they both came out only in recent years.

Overview

  • Analysts predict Sony will release a PlayStation 5 Pro in the second half of 2024, aiming to boost interest in the console brand.
  • The PS5 Pro is expected to feature a proprietary DLSS-like solution and support AI upscaling, marking a first for consoles.
  • Sony's recent financial struggles include a $10 billion drop in value and near-decade low gaming margins, attributed to rising game production costs and declining hardware sales.
  • Despite the PS5's strong initial sales, Sony has had to revise its sales forecast down by four million units, with no major franchise releases expected until April 2025.
  • The gaming industry anticipates the PS5 Pro could rejuvenate Sony's console sales, especially with the upcoming release of Grand Theft Auto VI.