Sony Interactive Entertainment today announced that the PlayStation 5 has now sold over 50 million consoles globally. The hardware continues to gain momentum after resolving the issue with supply shortages.

PlayStation 5 has reached another milestone, with its sales surpassing 40 million globally. Having overcome supply shortages, Sony maintains a leading position in the console market.

Sony has high hopes for the PlayStation 5’s sales potential. But right now, the company gives rather conservative forecasts, especially when compared to its previous console’s lifetime figures.

Microsoft has been trying to close the gap on Sony since the start of the latest console race. The Xbox Series X|S has strengthened its positions over the last months, with its total sales reaching almost 14 million units worldwide.

In September, PlayStation 5 became the best-selling console in the US.

Shawn Layden has shared his thoughts on the costs of game development. According to his predictions, PS5 titles will cost $200 million to make, with prices growing exponentially from there.

Soon after Sony acquired Nixxes Software, there has been a lot of discussion on what its role will be within the PlayStation family. Now we know that the studio will help the company bring more games to PC in the future.

Sony Interactive Entertainment CEO and president Jim Ryan has discussed the company’s vision and the PlayStation 5 launch in China. He also explained why Sony tries to make “best games” and what it takes to create a new IP.

Mysterious indie studio Blue Box continues to generate fan theories around its upcoming PS5 horror game code-named Abandoned. The latest messages from the developers prompted fans to speculate that the game might be a new Silent Hill installment.

Ratchet & Clank: Rift Apart, a new PlayStation 5 exclusive, was officially released on June 11. The game got 89/100 on Metacritic, based on almost 100 reviews. Critics praised Rift Apart for its visuals and the usage of new technologies but said that it’s almost the same old action-adventure when it comes to gameplay.

Sony plans to significantly expand subscribers of its online and mobile services. The company will spend more than $18 billion on strategic investments in this area.

Returnal, the latest PlayStation 5 exclusive, is a AAA roguelite with some psychological horror elements. The game has received 86/100 on Metacritic, with critics praising its visual design, innovative DualSense features, and shooter mechanics.

Sony seems really satisfied with the launch of PlayStation 5. To celebrate the success, the company is going to reward its Japanese employees with annual bonuses reportedly equivalent to a 7-month salary.

Sony released a financial report for the third quarter ended December 31, 2020. The company sold 4.5 million PlayStation5, and its revenue exceeded $8 billion.