Key Takeaways
1. The PlayStation Portal is a specialized accessory for PS Remote Play, not a standalone console, but it’s reportedly selling well despite initial doubts.
2. Sony’s gaming console sales, including the PS5, are declining, while the portable gaming market is growing, contributing to the Portal’s appeal.
3. Approximately 980,000 PlayStation Portals are estimated to have been sold among PS5 owners by the end of 2024, showing higher-than-expected demand.
4. The Portal could generate more revenue for Sony, especially as the PS6 release is not expected until 2027 or 2028.
5. Future developments may include a PS6 handheld that runs PS5 games natively, enhancing Sony’s presence in the portable gaming market.
When the PlayStation Portal first launched, it got some flak for being a specialized product focused on PS Remote Play. Instead of being a standalone console, it was introduced as an accessory that streamed games from the PS5. Despite the initial doubts, Sony’s President and CEO Hiroki Totoki recently hinted that it’s selling well. As the gaming company continues to enhance the Portal, it will stay a key focus for them.
Difficult to Classify
The PlayStation Portal remote player doesn’t actually run games from its own storage, making it hard to define. Unfortunately, Sony hasn’t shared exact revenue figures like they do for their regular consoles. They did announce that the PS5 has sold 77.8 million units, but it’s clear that sales growth has slowed. Data from Circana shows that console sales from Sony, Nintendo, and Microsoft are on the decline. However, the portable gaming market is on the rise, which might be why the Portal is appealing to some.
Rising Popularity
Circana has also been keeping an eye on U.S. statistics that indicate the Portal’s increasing appeal. By the end of 2024, the company reported that four percent of PS5 owners have bought the device. With 24.54 million PS5s sold that same year, this suggests that around 980,000 Portals have likely been purchased by gamers. Although most PlayStation users don’t own the accessory, it has surpassed the expectations of analyst Mat Piscatella.
The PlayStation Portal could bring in more revenue for Sony in the coming years. The PS6 might not hit the market until 2027 or 2028. Plus, the handheld is starting to make a name for itself in the cloud gaming space. Currently in beta, PlayStation Plus Premium subscribers can stream select games from the service’s library without needing a PS5. Still, the Portal remains a comfortable way to enjoy console gaming anywhere at home.
Future Prospects
Given current market trends, Sony might also focus on launching the speculated PS6 gaming handheld. This portable console is expected to run PS5 games natively, although with some performance trade-offs.
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