Gamers may have begun to shy away from the now more expensive PS5. U.S. April data highlights a 30% decline in PlayStation console sales compared to the previous year. Before the impending Switch 2 price increase, Nintendo’s handheld extended its lead over the competition.
Handheld computers are competition to the PlayStation in the sense that Sony would want everyone who owns one to buy a PS5 instead but not in the sense that those consumers having an option is hurting sales significantly. I could not find actual numbers, but analysts seem to be estimating that Valve has sold about 6 million Steam Decks in total. For comparison, Sony sold 1.5 million PS5s last quarter, which is devastating since they sold 2.8 million the year before.
Also, that sales gap is going to get worse in the short term. Instead of raising Steam Deck prices or reducing profit margins, Valve has decided to stop selling systems until RAM prices come back down.