PS5 outsold Xbox Series X/S 3-to-1 in 2023, research firm estimates

Financial Times that sales of Sony’s console were up about 65 percent to 22.5 million units this year.

In comparison, annual Xbox Series X/S sales reportedly declined by 15 percent to 7.6 million, while sales of PS5 has cleared 50 million sales since launching in November 2020.

The console reached the sales milestone just one week slower than aiming to ship 25 million PS5 consoles during its current fiscal year ending in March 2024. If achieved, it would beat a 25-year-old console sales record set when the original PlayStation shipped 22.6 million units over a 12-month period.

PS5 outsold Xbox Series X/S 3-to-1 in 2023, research firm estimates

Lempel also said he’s optimistic the console can surpass PS4’s lifetime sales total of 117 million units.

“I think we have the ability to get there,” he said. “Demand for the (PS5) going into this year was huge . . . Momentum is strong now and it’s continuing.”