PS5, Xbox Series, Meta Quest 2… this week’s business news

business news PS5, Xbox Series, Meta Quest 2… this week’s business news

Sales figures, studio acquisitions, accounts, developer transfer window, investments… if these topics interest you, you’ve come to the right place. We offer you an update on the past week’s business news.

Summary

  • Sony reveals its balance sheet and sales of PS5
  • Xbox: a new record annual revenue
  • Capcom is headed for another year of growth
  • The price of Meta Quest 2 will increase by 100 euros
  • Short in the week’s business news

Sony reveals its balance sheet and sales of PS5

Sony has published its results for the period from April to June 2022. A quarter bad for new major releases, so much so that it “only” went 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 generated 122 million euros, compared with 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 one 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 PS5s over the entire fiscal year, or a further 15.6 million between July 2022 and March 2023.

Xbox: a new record annual revenue

PS5, Xbox Series, Meta Quest 2... this week's business news

Microsoft revealed its results for the quarter ending June 30, 2022, which corresponds to the end of its fiscal year. The video game division of the American giant had a turnover of 3.4 billion euros, down 7% compared to the same quarter last year, in line with its projections. It remains nonetheless second best performance for a fiscal fourth quarter. The release notes that game and content sales fell 6% due to lower engagement and monetization across first-party and third-party games, which is “partially compensated” of 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.

In hardware, revenue from console sales fell 11%. Again, the number of Xbox series distributed worldwide is not disclosed. On the other hand, CEO Satya Nadella confirmed that they continue to sell better at this point than any other 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 in the period from October 2021 to June 2022.

During the full fiscal year (July 2021 to June 2022), Xbox’s revenue reached a new record of 16 billion eurosagainst 15.3 billion for the previous financial year. The fiscal year 2022-2023 should a priori do even better, as the acquisition of Activision Blizzard is planned to be completed before June 2023.

PS5, Xbox Series, Meta Quest 2... this week's business news

Capcom revealed its results for the first quarter of the financial year, i.e. the period from April to June 2022. Unsurprisingly, the numbers cannot be compared to those from spring 2021, when the giants Monster Hunter Rise and Resident Evil Village were released successively. The Japanese company has everything the same sold 11.7 million games between April and Junecompared with 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 net profit
April to June 2022 181 million euros 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 confirms guidance for fiscal year April 2022 to March 2023, another year of record numbers. The company expects a turnover of 867 million euros, an operating profit of 347 million euros and a net profit of 249 million euros. If the target succeeds, it will score the company’s 10th consecutive year of growthwhich in particular can count on the release of the remake of Resident Evil 4 on March 24, 2023. We can also imagine that, in order to achieve such results, Capcom plans to release at least one other major game at the beginning of 2023, such as Exoprimal or Street Fighter 6, both officially announced for 2023, but without a specific date yet.

PS5, Xbox Series, Meta Quest 2... this week's business news

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’d hoped. From August 2022, the price tag will be inflated by €100 for the two available models. It therefore becomes necessary to count €449.99 for the version with 128 GB storage and €549.99 for the 256 GB model. To sweeten the deal, Meta will be giving 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 are extremely rare in the video game industry. But as you probably know, the industry has navigated a certain context for many months with strong inflation in the price of raw materials. “The cost of making our products has increased”says Meta in his 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 completely 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 in regularly bringing new software features and titles to the platform to expand the types of experiences people can have with the Meta. Quest 2″explains Meta.

PS5, Xbox Series, Meta Quest 2... this week's business news

The company considers that this rate increase is necessary to “continue to invest in research and development of groundbreaking new products that will take the VR industry to new heights”. An industry that is also doing pretty well, with spending on the Meta Quest store exceeding a 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 the firm attributes to its investments to build the famous metaverse that is on everyone’s lips at tech companies.

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

Short in the week’s business news

  • Launched on June 2nd 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 management of Christian Dailey, veteran (20 years of experience) passed by BioWare, Blizzard, Electronic Arts or Pandemic Studios.

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