In a press release, Sony confirmed the impressive figure, which is made all the more significant by the supply chain issues that limited console supply after its November 2020 launch.

The PS5 managed to reach 50 million sales in just a week longer than it took the PlayStation 4, which wasn't bogged down by as many supply chain issues or a worldwide pandemic.

According to the Financial Times, Sony outsold the Xbox Series X and S by almost three to one this year. While Microsoft doesn't release official Xbox sales numbers, the FT estimated that Microsoft sold 7.6 million next-gen systems this year (a 15 per cent drop from 2022), while Sony's sales increased by 65 per cent to reach 22.5 million units sold.

The PS5 appears to have sold better because Sony had more must-have games, while Vole’s high-profile releases, like Halo Infinite and Redfall did not do so well. However, it might not be all bad for Microsoft. It has been more focused on pushing subscriptions to Xbox Game Pass, allowing players to stream titles over the cloud and play on PC with its ultimate tier. This means that it makes more money out of what it has.