Analysts expect the PS5 to extend its lead over the Xbox Series X|S in 2023

In arguably the safest prediction since “The Sun Will Rise Tomorrow,” analysts are predicting that the PS5 will extend its lead over the Xbox Series X|S in 2023. According to data analysis group Ampere, Sony commanded about 45 percent of the console market last year, but its lack of new-gen consoles has seen it cede some ground to rivals. It expects these modest losses to reverse in the coming months.

The company pegs the PS5’s install base at 30 million, which we believe is accurate, with the Japanese giant announcing shipments of 32.1 million units earlier this month. Microsoft did not disclose sales numbers, but the research firm believes the Xbox Series X|S has sold around 18.5 million units. Both devices have been in limited supply since launch, though Sony’s console has become more readily available since the start of the year.

Global revenue in the console sector is expected to decline by 7.8 percent year-on-year in 2022, Ampere added. This is due to some major software delays and a “post-pandemic shift in user focus”. It also refers to the cost of living crisis as consumers may choose to spend less on expensive luxuries, such as sports. It will be interesting to see if the industry rebounds this year, or if it remains in a bit of a slump.