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

Sony is expected to release a refreshed version of the PlayStation 5 this year. The move aims to generate more interest in the console and prepare for the release of Grand Theft Auto VI in 2025. Despite the anticipation for a new console, Sony is facing low profit margins in its gaming business. The company recently reduced its forecast for PS5 sales for the current fiscal year. In the past, gaming companies have introduced hardware upgrades to boost sales. Analysts predict the launch of a PlayStation 5 Pro in the second half of 2024. Sony’s focus is now on optimizing sales and profits in its gaming business.