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Sony to release a 'Pro' version of the PlayStation 5 this year after cutting outlook, analysts say

Analysts told CNBC they expect Sony to launch the PlayStation 5 Pro this year which would offer new hardware for the release of Grand Theft Auto VI in 2025.

www.cnbc.com

Sony is likely to release a refreshed version of the PlayStation 5 this year, analysts told CNBC, after the company cut its forecast for sales of its flagship console.

The move would be designed to boost interest in the PlayStation 5 and offer a souped-up piece of hardware ready for release of Grand Theft Auto VI in 2025, one of this decade's most hotly anticipated games, the analysts said.

Sony was not immediately available for comment when contacted by CNBC.

Analysts are now expecting a PlayStation 5 Pro from Sony.

"There seems to be a broad consensus in the game industry that Sony is indeed preparing a launch of a PS5 Pro in the second half of 2024," Serkan Toto, CEO of Tokyo-based games consultancy Kantan Games, told CNBC.
"And Sony will want to make sure to have a great piece of hardware ready when GTA VI hits in 2025, a launch that will be a shot in the arm for the entire gaming industry."

On the earnings call, Sony management said the aim for its gaming business is to "optimize sales with a greater emphasis on the balance with profits."

George Jijiashvili, senior principal analyst at Omdia, said this could mean that even when the PS5 Pro comes out, Sony may not cut the price of the current PS5, as has been the trend in the past.

"Therefore, a scenario where Sony launches as PS5 Pro, but still experiences a declining year-on-year hardware sales is very much within the realms of possibility," Jijiashvili said.