PS5, Xbox Series, Meta Quest 2… the business news of the week

New business PS5, Xbox Series, Meta Quest 2… the business news of the week

Sales figures, studio buyouts, financial statements, developer transfer window, investments… if these topics interest you, you’ve come to the right place. We inform you of a point on the commercial news of the week broadcast.

Summary

  • Sony reveals its balance sheet and sales of the PS5
  • Xbox: a new record annual turnover
  • Capcom is on its way to another year of growth
  • The price of Meta Quest 2 will increase by 100 euros
  • Briefly in the business news of the week

Sony reveals its balance sheet and sales of the PS5

Sony has published its results for the period from April to June 2022. A quarter poor in new major releases, so it sold “only” 47.1 million PlayStation games (including 6.4 million PlayStation Studios games), compared to 63.6 million (including 10.5 million PlayStation Studios games) in the same quarter last year, which benefited from the releases of Ratchet & Clank Rift Apart, Returnal or even MLB The Show 22. Physical sales also fell, representing only 21% of game sales (compared to 29% a year earlier) for 122 million generated, compared to 734 million for digital sales and 1.36 billion euros for microtransactions. Only one category is on the rise: subscriptions, which reached 784 million euros. PlayStation Plus had 47.3 million subscribers at the end of June (up 2%), just after the launch of the new formula, for 102 million active users on the PlayStation Network (down 3%).

Regarding the PS5, Sony sold 2.4 million copies between April and June 2022. This is in line with the same quarter in 2021 (2.3 million), but the console remains behind the PS4 which was 2.9 million at the same stage of its existence. So there was a total of 21.7 million PS5s distributed worldwide as of June 30, 2022, compared to 25.3 million PS4s at the same stage. The manufacturer aims to distribute 18 million PS5 over the entire fiscal year, or another 15.6 million between July 2022 and March 2023.

Xbox: a new record annual turnover

PS5, Xbox Series, Meta Quest 2... the business news of the week

Microsoft unveiled its results for the quarter ended June 30, 2022, which corresponds to the end of its fiscal year. The video game branch of the American giant recorded a turnover of 3.4 billion euros, down 7% compared to the same quarter a year earlier, in line with its projections. It remains none the less second best performance for a fiscal fourth quarter. The release notes that game and content sales were down 6% due to lower engagement and monetization across first-party and third-party games, which is “partially remunerated” by one further increase in the number of Game Pass subscribers. The new number has not been revealed, remember that there were 25 million subscribers in the month of January.

On the hardware side, revenue from console sales was down 11%. Again, the number of Xbox Series distributed worldwide is not disclosed. On the other hand, CEO Satya Nadella has confirmed that they continue to sell better at this point than any previous generation of Xbox consoles. He also claimed that the Xbox Series is ahead of the PS5 in number of consoles sold in North America over the period from October 2021 to June 2022.

Over the full fiscal year (July 2021 to June 2022), Xbox’s turnover reached a new record of 16 billion euros, against 15.3 billion for the previous financial year. The 2022-2023 financial year should a priori do even better, since the acquisition of Activision Blizzard is scheduled to be completed before June 2023.

PS5, Xbox Series, Meta Quest 2... the business news of the week

Capcom unveiled its results for the first quarter of its fiscal year, i.e. the period from April to June 2022. Unsurprisingly, the figures do not compare with those of spring 2021, during which the behemoths Monster Hunter Rise and Resident Evil Village were released successively. The Japanese firm has all the same spent 11.7 million games between April and June, compared to 13.3 million in the same quarter last year. Released on June 30, Monster Hunter Rise’s Sunbreak expansion had reached 2 million sales in just one week (more than 3 million now), while the base game passed the 10 million mark.

Period Turnover Operating profit Benefit Net
April to June 2022 €181 million 86 million euros 64 million euros
April to June 2021 347 million euros 169 million euros 171 million euros

The most interesting thing about this report is that Capcom reaffirms spending for fiscal year April 2022 through March 2023, another year of record numbers. The company anticipates a turnover of 867 million euros, an operating profit of 347 million euros and a net profit of 249 million euros. If the objective is successful, it will score the company’s 10th consecutive year of growthwhich will notably be able to count on the release of the remake of Resident Evil 4 on March 24, 2023. We can also imagine that to achieve such results, Capcom plans to release at least one other major game in early 2023, such as Exoprimal or Street Fighter 6, all two announced for 2023 but without a specific date for the moment.

PS5, Xbox Series, Meta Quest 2... the business news of the week

Two years after its launch, the VR Quest 2 headset from Meta (ex Oculus / Facebook) will soon change its price… but not in the way we would have hoped. From August 2022, the price tag will be inflated by €100 for the two available models. It will therefore be necessary to count €449.99 for the version with 128 GB of storage and €549.99 for the 256 GB model. To sweeten the pill, Meta will give away the Beat Saber game to those who purchase the headset between August 1 and December 31, 2022.

This is a rather unexpected announcement, price increases being extremely rare in the video game industry. But as you probably know, the industry has been navigating in a particular context for many months, with strong inflation in the price of raw materials. “The cost of manufacturing our products has increased”indicates Meta in its communicated. It should be noted that when it was released in October 2020, the price displayed by the Quest 2 (€349.99) was very aggressive and quite unprecedented for a VR headset of this caliber. “Even with these price changes, the Meta Quest 2 remains the most affordable VR headset on the market, and we continue to invest to regularly bring new software features and titles to the platform to expand the types of experiences that people can live with the Meta Quest 2″Meta explains.

PS5, Xbox Series, Meta Quest 2... the business news of the week

The firm considers that this rate increase is necessary to “continue to invest in the research and development of groundbreaking new products that will take the VR industry to new heights”. An industry that is also doing quite well, with spending on the Meta Quest store that exceeded one billion dollars at the start of the year.

In contrast, Meta’s Reality Labs division, of which virtual reality is a part, lost $4.5 billion in 2019, then $6.6 billion in 2020 and $10.1 billion in 2021, before starting 2022 with another loss of $3 billion in the first quarter. Losses that the firm attributes to its investments for the construction of the famous metaverse which is on everyone’s lips of tech companies.

In its press release, Meta recalls that it has a “ambitious roadmap” regarding virtual reality, starting with a new high-end standalone VR headset codenamed Project Cambria. “And we plan to release new generations of Meta Quest after that”can also read.

Briefly in the business news of the week

  • Launched on June 2 on PC, iOS and Android in free-to-play, Diablo Immortal has been downloaded over 20 million times worldwide.
  • Wizards of the Coast (Magic the Gathering, Dungeons & Dragons) has announced the opening of a new studio, Skeleton Key, based in Austin (Texas, USA). It is placed under the direction of Christian Dailey, veteran (20 years of experience) passed by BioWare, Blizzard, Electronic Arts or Pandemic Studios.

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