PS5 is no longer selling at a loss

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Sony announced the standard PS5 model has now broke even

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The PS5 is no longer being sold at a loss by Sony. 

Last week, Sony held a Q1 financial briefing for investors, to mark the period of the year ending July 30. Within this online broadcast, Sony CFO Horiki Totoki revealed that the PS5, which retails for $499/£449, was no longer selling at a loss, finally breaking even after going on sale in November 2020 (thanks, Bloomberg).

Despite ongoing issues with the PS5 stock since the console first launched late last year, it's been nothing short of a success for Sony. The company announced last month in July that the PS5 had surpassed 10 million units sold since November 2020, making it the fastest-selling console of all time. That's quite the feat for a console that's been in incredibly high demand with very limited supply.

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Hirun Cryer
Hirun Cryer

Hirun Cryer is a freelance reporter and writer with Gamesradar+ based out of U.K. After earning a degree in American History specializing in journalism, cinema, literature, and history, he stepped into the games writing world, with a focus on shooters, indie games, and RPGs, and has since been the recipient of the MCV 30 Under 30 award for 2021. In his spare time he freelances with other outlets around the industry, practices Japanese, and enjoys contemporary manga and anime.