Expect a Low-Key Year for PlayStation 5

• PlayStation 5's 2024 strategy includes scarcity of first-party games.
• No new major existing franchise titles until 2025 as per company's Q3 2023 report.
• Evil West game release anticipated despite major releases' absence.
• No games on scale of God of War Ragnarök in next fiscal year.
• PS5 hardware sales expected to decline; year-end forecast cut to 21 million.

PlayStation 5's 2024 Projections

The recent State of Play presentation was notably short on first-party games. This appears to be due to PlayStation 5's 2024 strategy, which includes a scarcity of first-party games for the upcoming year.

Company's Strategy

The company has confirmed that it won't be releasing "any new major existing franchise titles" until 2025. This information was revealed in the company's Q3 2023 earnings report.

Evil West: A Fun Distraction

Despite the lack of major releases, there are still games to look forward to. One such game is Evil West, which promises to be good, old-fashioned, vampire-punching fun.

Company's Statement

The company's president, Hiroki Totoki, stated that they will not be releasing games on the scale of God of War Ragnarök during the next fiscal year. This refers to the period between April 1, 2024, and March 31, 2025.

Focus on Quality

Despite the change in strategy, the company aims to continue focusing on producing high-quality works and developing live service games. However, major projects are currently under development, with no plans to release any new major existing franchise titles next fiscal year.

Upcoming Games

While the company is publishing a handful of games in 2024, including Stellar Blade and the Until Dawn remake, these are probably not considered marquee titles. Nonetheless, PlayStation 5 players still have games to look forward to in 2024.

Hardware Sales

The company has reported a dip in expected hardware sales for the PlayStation 5, prompting a cut in its year-end sales forecast for the fiscal year from 25 million to 21 million. A gradual decline in console sales is expected from the next fiscal year onwards.

PlayStation 5 Still Doing Well

Despite lower projections, the PlayStation 5 is still performing well. The system has shipped over 54.8 million units since its launch in 2020, setting a new record for PlayStation console sales in Japan.

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