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Jim Ryan: PS5 is 'Well on Track' to be the Most Successful PlayStation Console Ever

Jim Ryan: PS5 is 'Well on Track' to be the Most Successful PlayStation Console Ever - News

by William D'Angelo , posted on 01 April 2024 / 4,373 Views

Jim Ryan on his final day as PlayStation President and CEO on the latest episode of the PlayStation Podcast stated the PlayStation 5 is on track to be the most successful PlayStation console ever.

"I’d say right now we’re at the top of our game," said Ryan (via a transcription by VideoGamesChronicle). "We’ve been really clear and really consistent about what we stand for great consoles, great console gaming experience, and great games. I would say that right now we’re at the top of our game.

"PlayStation 5 is well on track to be our most successful console ever across multiple vectors and I think the games and the gaming experiences you see on PlayStation 5, lead by PlayStation Studios, are the best that we’ve ever seen.

"The number of games we’ve published so far on PlayStation 5 at this point in the cycle, way exceeds anything that we’ve ever done before."

It isn't known what the multiple vectors Ryan was referring to, however, he could be talking about sales, revenue, profits, player counts, or player engagement.

Sony Interactive Entertainment has shipped 54.8 million PlayStation 5 consoles as of December 31, 2023. This is 2.5 million units behind where the PlayStation 4 was after the same amount of time on the market.

The company did lower their forecast for the PS5 for the fiscal year ending March 31, 2024 by four million from 25 million units to 21 million units. With 16.4 million shipped through the first three quarters that would mean Sony expects to ship 4.6 million units in the January to March quarter.

Sony is expecting PlayStation 5 hardware sales to decline year-over-year and has no major first-party releases from existing IP for the next fiscal year, which runs from April 2024 to March 2025.

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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2zosteven (on 01 April 2024)

PS2 will always be King!!!

  • +10
NobleTeam360 (on 01 April 2024)

Yeah, as pointed out in the article. Jim could be talking about any metric when saying this. With that said, I still find it a bit disingenuous.

  • +10
mjk45 (on 01 April 2024)

Good thing he's now gone.

  • +8
Leynos (on 01 April 2024)


  • +6
Hardstuck-Platinum (on 01 April 2024)

With the exception of the PS3, in terms of revenue each PlayStation has been more successful than the last. So what he's saying isn't really anything provocative or big headed

  • +3

Yeah and as a businessman, he is probably referring to revenue and not units sold. I do think PS5 has a real shot at reaching/surpassing PS4 levels of units sold-through, but definitely not PS2.

  • +3

It's not really the sales numbers in terms of pure figures that matters, but how many sales numbers do they need to hit their revenue targets, There's so many more streams of revenue now like, subscription services, micro transactions, dlc's.

Also, PS4 is still getting big AAA third party (visons of mana this summer) games and that is unprecedented for an 11 year old console. A console has never gotten a AAA ported to it 11 years after it's launch. I think before that, the closest we had was 10 years with Rise of the Tomb raider on 360 in 2015. Incredible

  • +1
JRPGfan (on 01 April 2024)

The price though..... if needs a price cut. If you want it to be really successfull eat a loss on hardware.

  • +3
kazuyamishima (on 01 April 2024)

The PS4 generation made more money for Sony than the previous gens combined.

PS5 is doing more profits than the PS4, so Jimbo is not wrong. It won't be the most selling PS console, but it will generate the most profit for sure.

  • +1
Iveyboi (on 02 April 2024)

Not a chance it passes 160M

  • 0
xMetroid (on 01 April 2024)

The output of games.... was not the best they ever had

  • 0
Wman1996 (on 01 April 2024)

Pride comes before a fall. They're already doing a lot of arrogant things and the PS6 could very well be like the start of the PS3.

  • 0
2zosteven (on 01 April 2024)

how is software sales on the PS5?

  • 0
firebush03 (on 01 April 2024)

funny that you post this at midnight April 1st. PS5 will be more successful than PS1, PS3, and potentially PS4, but no shot it even comes close to PS2.

  • 0
the-pi-guy firebush03 (on 01 April 2024)

He's almost certainly talking about revenue/profit. PS2 wasn't very good in that regard, lots of piracy, no subscription service and low cost hardware.

  • +2
rapsuperstar31 (on 01 April 2024)

If we don't get a Naughty Dog and Sucker Punch game in the next two years, I think this is Sony's worst console generation. We have some good games no doubt, but with games taking longer and longer to make and Jim forcing some of these teams to waste years on live multiplayer games that have since been cancelled we just aren't seeing enough first party games. Covid and inflation is certainly a big reason for this, but it's still not a good generation.

  • -2
Random_Matt (on 01 April 2024)

Nope, worst PS console ever. Not enough first party = no sale.

  • -3
smroadkill15 Random_Matt (on 01 April 2024)

Most successful doesn't mean best. He's saying it's on track to make more money than previous playstation's.

  • +3
TheLegendaryBigBoss (on 01 April 2024)

Could have been if you didn't waste so much money on live services that got cancelled!

  • -4
dane007 (on 01 April 2024)

There's not much to play outside of rebirth and silent hill 2

  • -10
TheLegendaryBigBoss dane007 (on 01 April 2024)

So far this year there's also helldivers 2, rise of the ronin, and stellar blade this month

  • +1
Bandorr dane007 (on 01 April 2024)

Such an odd comment. Almost out for 4 years. Released millions of consoles.. and you name two games that came out this year.

  • +4
Hardstuck-Platinum Bandorr (on 01 April 2024)

With sales of Xbox games being so low there's a chance we might see our first day and date Xbox games on PS5 this year. Then we'll have lots to play by both sides admission

  • 0
Iveyboi dane007 (on 02 April 2024)

Ridiculous comment. Deserve the downvotes

  • +1
halil23 dane007 (on 04 April 2024)

Sure xblock kid, now tell us what games are there to play on xblock??

  • -1