The company intends to ship 25 million PS5 consoles during FY2023 (the 12-month period ending on March 31, 2024).
If achieved, it would beat a 25-year-old console sales record set when the original PlayStation shipped 22.6 million units in FY98.
Sony revealed the annual PS5 target as part of its FY2022 earnings results on Friday.
During the fourth quarter of the last fiscal year, which ended in March, the company shipped 6.3 million PS5 consoles to reach 38.3 million lifetime shipments.
The figure represents a record for any games console during the first three months of a calendar year, and it’s also double PS4’s all-time peak for the same window.
During an earnings presentation on Friday, Sony’s president, COO and CFO Hiroki Totoki, said the company’s PS5 forecast was based on an analysis of the number of users it’s seeing make the jump from PS4 to its successor, combined with new PlayStation customers.
“Based on this forecast, we believe that 25 million units within this fiscal year is something that we think we can achieve,” he said (translated by VGC).
The company also announced a limited edition Final Fantasy 16-themed DualSense wireless controller and PS5 console cover this week, but these will only be available in Japan.