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Sony Cuts PlayStation Outlook, Writes Down Bungie, Leaves PS6 Timing Unset

High memory costs tied to AI now set the pace for PlayStation hardware.

Overview

  • Sony, which reported results Friday, said Game & Network Services revenue will fall about 6% next year while operating income should rise roughly 30% as first‑party titles grow and last year’s Bungie impairment does not repeat.
  • PS5 sales slowed to 1.5 million units in the March quarter, bringing lifetime shipments to about 93.7 million according to the company’s filings.
  • Executives said memory prices driven by AI data centers are likely to stay high into FY2027, so PS5 production will match how much memory Sony can buy at reasonable prices.
  • Sony has not set a launch window or price for its next console and is exploring new hardware and sales models because component costs remain uncertain.
  • The company recorded a ¥120.1 billion impairment tied to Bungie this year and separately authorized a share buyback of up to ¥500 billion and lifted its annual dividend to ¥35 per share.