Sony Responds to New PlayStation Plus 'Concerns'

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Sony Responds to New PlayStation Plus 'Concerns'
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Sony has responded to new PS Plus 'concerns.'

✖ Ahead of the release of PlayStation Plus Extra and PS Plus Premium, PlayStation Plus subscribers is losing subscribers. However, Sony isn't too concerned. During a recent earnings call with investors, Sony revealed PS Plus has 47.4 million subscribers as of March 2022, which is down 600k from the previous quarter and 200k year-on-year. This is only the second time PS Plus has experienced a dip quarter to quarter, so as you would expect, this news caught the attention of investors.

"Let me give you the overall trend," said CFO Hikori Totoki of the trend while speaking to investors."The total gameplay time is so important. Year-on-year, there has been a decline, but the stay-at-home demand was not so strong between January to February in 2021 compared to [the previous year]. As you would expect, Sony is anticipating and expecting the release next month of PS Plus Extra and PS Plus Premium to move the needle back in its favor.

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