Sony PlayStation Network Collapses

Apps & Software

Published: February 9, 2025 8:01 am

Last Updated: February 10, 2025 7:16 am

At @askplaystation, Sony Group Corp. (NYSE: SONY) posted this:

We are aware some users might be currently experiencing issues with PSN.
For more details: https://status.playstation.com

24/7 Wall St. Key Points:

The Sony PlayStation network collapsed leaving millions of users blocked from the service, perhaps for hours.
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What may be the largest gaming network in the world was in trouble. Sony’s online game and online store were inaccessible. In total, PlayStation Direct, the PlayStation Store, gaming and social, PlayStation Video, and account management were down or partially down.

Sony’s gaming division is its largest, bringing in about 30% of the company’s revenue. Last year, Sony sold over 20 million new PlayStation units. Sony says the network has 116 million active users worldwide. Its newest console is the PS5. More than half the consoles in the world are older versions.

The first version of the PlayStation was launched in 1994. A new PlayStation costs about $499. There are 3,623 games that can use the platforms

PlayStation’s only real competition is the Microsoft Inc. (NASDAQ: MSFT) Xbox. Now in its fourth generation, it is believed to have fewer users than PlayStation does.

A primary difference between PlayStation and Xbox is that Xbox is a tiny part of Microsoft’s revenue.

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