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Sony Confirms it Has Delayed First-Party PlayStation Titles

Sony Confirms it Has Delayed First-Party PlayStation Titles - News

by William D'Angelo , posted on 01 September 2023 / 10,947 Views

Sony President and CFO Hiroki Totoki in a livestream video to investors revealed Sony Interactive Entertainment has delayed at least first-party PlayStation titles. He did not state how many games or exactly which games have been delayed.

"In terms of profitability, what you said was right, third-party software [is expected to drive earnings]," said Totoki (via a transcription by TweakTown). "We had good sales in the first quarter, in the second quarter the sales plan was adjusted upward. That is one impact. The other one is the foreign exchange rates, we have revised it to a weaker yen situation. So that would push sales up.
 
"On the other hand, about operating income, the third party software sales going up would push profits up, but first-party titles, the sales launch was delayed or postponed, there is some postponement for this fiscal term into the next term. That was taken into account in that adjustment."
Sony Confirms it Has Delayed First-Party Titles
Totoki added that PlayStation 5 hardware profits have declined compared to last year.
"Another factor is promotion and other activities," said Totoki. "There's no major change to the promotion plan, however, there is an original channel mix that is part of direct sales vs other sales channels.
 
"The sales channel mix compared to our original forecast, rather than direct sales, I think the proportion of retail sales is going to increase more. We have to pay margin for that, so that margin has to be taken into account in the change to the sales channel mix.
 
"But overall that part means that we have to figure out how to expense that, and we are quite conservative, but 25 million units is something we have set as a target and we'd like to achieve that target and our intention is to take that into account in this revised plan."

A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.


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30 Comments
INCITATUSBR (on 14 August 2023)

does it mean PlayStation sells well only with third-party titles or does it sell well even not launching its first-party titles? '-

  • +6
Qwark INCITATUSBR (on 14 August 2023)

The first, if PS5 would have no third party support it would sell worse than Xbox. Most people buy a Playstation to buy COD, GTA, FIFA/FC and games like Witcher Resident Evil, Monster Hunter and Elden Ring. If all those wouldn't come to PlayStation it wouldn't sell.

  • -6
V-r0cK Qwark (on 14 August 2023)

Maybe I need some clarity but you're saying if both Xbox and PS5, both had no 3rd party, and only relied on their 1st party games, that the PS5 would sell worst?

  • +2
Qwark V-r0cK (on 15 August 2023)

If only PlayStation wouldn't have third party support, but PC and Xbox would have.

  • 0
JackHandy Qwark (on 14 August 2023)

Literally the opposite of why I buy Playstation consoles lol. But then, none of us here are "most people".

  • +2
VAMatt JackHandy (on 14 August 2023)

Opposite for me as well, but that's because I typically own all major platforms. In most cases, I buy third party games on Xbox, because for the last couple generations, I have had Xboxes in multiple rooms. So, PlayStation is primarily for first party, or third party exclusives.

But, the average person does not own multiple consoles. And it's very easy to see that the most popular games are not first party titles. So common sense tells us that most people buy a console to play third party games.

  • +1
DonFerrari JackHandy (on 15 August 2023)

Same here, if PS exclusives weren't my general favorite games I would probably be PC centric gamer.
V-rock, not that. What he meant is that if Xbox got all/most third party titles and PS none/few the 1st party wouldn't hold PS up like Nintendo done with Wii and Switch.

  • 0
EpicRandy INCITATUSBR (on 14 August 2023)

I don't think it can even be analyzed with those 2 metrics as separate ones. They are both only parts of what constitutes the offering and it's the offerings overall that create an incentive to buy.

PS5 third-party sales are healthy cause 1st party are healthy and 1st party sales are healthy cause 3rd party sales are.

  • +7
Bandorr (on 14 August 2023)

I've bought a ton of games this year. None of them first party.
Crisis Core, Fairy Fencer F, FF16, FF Final Bar, Atelier 3, Octo Path 2, One piece O, Star Ocean Divine, Midnight Suns

The lets keeps going and going. Including Alan wake 2, Disgaea 7, Persona Tactics, DQ Monsters. Oh and of course an actual first part - Spider man.

Disgaea 3 was a bigger system seller than Uncharted as far as the Vita goes.

  • +5
Qwark Bandorr (on 14 August 2023)

Isn't Spiderman the only first party game they will release this year that doesn't need PSVR 2. It will probably be the only 1st party game for a while since the end of the year is full with great third party games to boost PS5 alongside Spidey.

  • +1
Signalstar Qwark (on 14 August 2023)

HellDivers 2 is scheduled to be published by Sony this year. Unless it is one of the titles that has been delayed.

  • +2
NextGen_Gamer Signalstar (on 15 August 2023)

HellDivers 2 is good guess. The other ones speculated are Naughty Dog's long-in-development The Last of Us multiplayer project, which was rumored to be an early 2024 release, and Stellar Blade. Stellar Blade is another one that is not developed by Sony directly, but will be published by Sony, and is still on their TBA 2023 release calendar.

  • 0
Chazore (on 14 August 2023)

Sounds to me like they want to position for a better yield of sales to better profit within target months they are more comfortable with instead of just throwing them out within busier months and having to wrestle for sales with multiple parties.

Either way, their delays can't be anywhere as bad as ubisoft's, so I doubt there's much to wrry about spaces being filled.

  • +4
DonFerrari Chazore (on 15 August 2023)

Been a long time that Sony put their first parties on the less busy windows, perhaps these internal delays are 1-3 months and well none of the titles that got release date (not many) have formally been delayed yet.

  • 0
mjk45 Chazore (on 15 August 2023)

It seems to me that Sony's plan was to minimise the uncertainty that surrounds any new console regardless of the success or otherwise of its predecessor and lessen the chance of any decrease in market share , and that plan was to do it by getting most of their big first party games out early , but offsetting the smaller install base by making them cross gen, knowing there would be a gap followed by a second wave of 1st party games hopefully full of many of those new first party PS5 titles in the pipeline we have heard about but don't know much about .
Filling the gap gap relies on whatever big 3rd party titles they have slated for that time along with some smaller 1st party games but from a 1st party perspective if any of those first party games become delayed it exacerbates the situation more than it normally would hence why we are seeing his commentary.
On another note depending on release dates for some of those paid for 3rd party games, this is probably the time where paying for those 3rd party deals really helps them.

  • 0
Mystro-Sama (on 14 August 2023)

Overall this generation has been pretty lackluster so far. We're almost 3 years in and the catalog is still weak.

  • +2
SanAndreasX Mystro-Sama (on 15 August 2023)

I'm still using Switch pretty regularly because of the superlative library of games I haven't played yet.

  • +1
dane007 Mystro-Sama (on 15 August 2023)

Agree . Got ps5 Nd have been playing the PS4, games I bought but never opened lol

  • -2
Brimac19 dane007 (on 15 August 2023)

And here comes Dane with all his pent up negativity!!!!

  • 0
Signalstar (on 14 August 2023)

These must be internal delays because few titles have had publicly shared release dates or windows.

  • +2
scrapking (on 14 August 2023)

"The other one is the foreign exchange rates, we have revised it to a weaker yen situation. So that would push sales up."

Interestingly, unlike some other markets, game pricing in Canada fluctuates nearly constantly, in $5 increments, with the exchange rate. Which doesn't happen in every country. One AAA release might be $80, the next $85, the one after that $75, the one after that $70, etc., depending on what the currency is doing. And interestingly, once they've set a price they don't modify it, until an official price drop for that game.

Though in fairness, it fluctuates in line with USD, not with the Yen, so if the Yen drops to the USD this statement is still correct, even for Canada.

  • +2
DonFerrari scrapking (on 15 August 2023)

Interesting tidbit, in Brazil I would say the price doesn't seem to vary sensibly with exchange ratio with USD or Yen, most PS AAA prices have been stable 350 or 400 BRL for vanilla editions since the start of the gen. Price of console have been stable 4k and 4.5k as well for digital and disc editions. What have happened is more promotions happening (maybe better exchange ratio or just the product life cycle).

  • +1
scrapking DonFerrari (on 16 August 2023)

Yeah, Canada is the only market I'm aware of where AAA pricing fluctuates nearly constantly. :)

  • +1
Wman1996 (on 15 August 2023)

Hopefully not Spider-Man. I'd gladly take delays to November or December (or even into 2024) for a more stable game and a better work-life balance for devs. I just hope it isn't that game in particular, as it's high on my hype list.

  • 0
S.Peelman (on 15 August 2023)

The audacity.

  • 0
AkimboCurly (on 15 August 2023)

Both consoles really lacking on first party games this time around. Xbox has been in the mud a long time but Playstation's goodwill from good support last gen is only recently starting to wear thin.

  • 0
DonFerrari (on 15 August 2023)

This was already confirmed on the financial report so it isn't really a confirmation, more like some additional info.

  • -3
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