PlayStation 4 Becomes Sony's Fastest-Selling Gaming Console, Hits 40 Million Units

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PlayStation 4

The company expects more upside this fiscal year with estimated sales of 20 million more units.

Sony's PlayStation 4 (PS4) console has sold more than 40 million units globally, making it the company's fastest-selling gaming console to date.

The PS4 was launched in November 2013 in North America and Europe and in February 2014 in Japan. The PS3 took around four years to reach 40 million in sales and had sold 80 million units by the time the PS4 was launched.

The record sales figures have defied predictions of the death of gaming consoles due to the shift to smartphone and tablet gaming and helped Sony record only its second full-year of profits in the last seven years.

In the company's delayed financial forecast announced this week, it predicted sales of 20 million more units in the year that ends in March 2017, up from 17.7 million in the previous year.

Sony also forecast that revenue in its game & network services division would climb 8.3 percent to ¥1.68 trillion ($15.3 billion) and operating profit would jump 52 percent to $1.23 billion.

In addition to vigorous hardware sales, Sony's profit is being boosted by strong in-house software titles, such as Uncharted 4: A Thief's End. The first-person shooter, developed by Naughty Dog and published by Sony Interactive Entertainment, sold more than 2.7 million copies in the first week after it was released on May 10.

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