The state of the PlayStation 5 in 2024: still worth it?

Table of Contents

Remember the excitement when the PlayStation 5 launched back in 2020? It felt like a huge leap forward. The super-fast loading, beautiful graphics, and fancy new controller were a gamer’s dream. 

But things change fast in the tech world (be honest, have you been keeping up with the latest AI news?), and Sony announced that the PS5 had entered the “latter stage of its life cycle” in February 2024. That might sound concerning if you’re considering buying one now.

So, what is the state of the PlayStation 5 in 2024? That’s the big question we’ll tackle in this article. We’ll look at what makes the PS5 great, what games you can play, and whether buying one right now is a good idea. We’ll also briefly address the rumors surrounding the so-called “PS5 Pro.” 

By the way, it’s a lot to consider – but we’ll break it down in a way that’s easy to understand, so you can make the best decision for your gaming needs. Whether you’re a long-time PlayStation fan or just curious, we’ll give you the information you need to figure out if the PS5 is the right console for you in 2024.

The state of the PlayStation 5 in 2024: sales and availability

The state of the PlayStation 5 in 2024: still worth it?

Sony recently announced that they sold a whopping 20.8 million PlayStation 5 consoles in the year leading up to March 31, 2024. That’s more PS5s sold in a single year than ever before! This brings the total figure of PS5s sold since launch to a massive 61.7 million.

These numbers show that the PS5 remains incredibly popular, even as it enters the later part of its life cycle.

Despite a slight dip in sales compared to the previous quarter, Sony’s gaming division is still doing quite well. They’re making more money from services like PlayStation Plus and the PlayStation Store, showing that people are engaged with the PS5 ecosystem. 

And looking ahead to 2025, things look even brighter. With big-name games like Grand Theft Auto 6 and Death Stranding 2 on the horizon, the PS5 will likely continue to be a hot commodity.

Of course, the early days of the PS5 were plagued by supply shortages – it was notoriously difficult to find one in stock, especially as some scalped them hoping to resell for a profit. 

Thankfully, those days are mostly behind us. While you might still encounter the occasional sold-out sign, finding a PS5 in 2024 is much easier than it used to be. 

This increased availability, combined with strong sales figures, paints a clear picture of a console still going strong. The PS5 is definitely a major player in the gaming world, and it doesn’t look like that’s changing anytime soon.

The PlayStation 5’s game library still goes strong

Marvel’s Spider-Man 2 was one of the most anticipated PS5 exclusives.

One of the biggest reasons to own any console is its games, and the PlayStation 5 doesn’t disappoint. 

Despite 2024 being a relatively quiet year compared to the 2023 blockbuster releases, the PS5 still boasts an impressive library of exclusive titles you won’t find anywhere else. Games like Spider-Man 2 have already wowed players with stunning visuals and engaging gameplay, proving that the PS5 is still a powerhouse for top-notch gaming experiences.

But that’s not all. Even with a quieter year, we’ve seen some fantastic additions to the PS5’s game library, including the highly anticipated Elden Ring DLC, Shadows of the Erdtree. This expansion adds even more content to the already massive and critically acclaimed Elden Ring, giving players new challenges to conquer and secrets to uncover.

And the future looks bright, too. Here’s a sneak peek at some of the exciting games coming to the PS5 soon:

  • Black Myth: Wukong (August 20, 2024): this action RPG draws inspiration from Chinese mythology and the classic novel Journey to the West. Get ready for epic battles, stunning environments, and an interesting story as you wield magical abilities and staff techniques;
  • Concord (August 23, 2024): this fast-paced 5v5 competitive shooter blends elements of Overwatch and Guardians of the Galaxy. Team up with friends and engage in fast-paced battles across vibrant and imaginative maps;
  • Star Wars Outlaws (August 30, 2024): step into the shoes of Kay Vess, a clever scoundrel navigating the criminal underworld of the Star Wars universe. You’ll go on a heist adventure with your trusty companion Nix and a BX-commando droid;
  • Harry Potter: Quidditch Champions (September 3, 2024): experience the magic of Quidditch like never before in this fast-paced sports game. Take to the skies, master different positions, and compete in solo or co-op matches across various iconic locations;
  • Warhammer 40,000: Space Marine 2 (September 9, 2024): become a fearless Space Marine and battle against the relentless Tyranid hordes in this action-packed sequel. Wield devastating weapons and abilities as you fight to protect humanity from extinction.

Should you buy a PlayStation 5 in 2024?

The state of the PlayStation 5 in 2024: still worth it?

So, the big question is: should you buy a PS5 in 2024, knowing it’s in its later stage of life? 

Well, it depends on your situation and what you’re looking for in a gaming console.

The good news is that the PS5 is still a fantastic machine: a great library of games, both exclusive titles and those you can play on other platforms, and it can run almost all PS4 games, so you’ve got a huge backlog to explore. The PS5 offers impressive performance and beautiful graphics, making your games look and feel amazing.

However, knowing a new, more powerful PS5 Pro might be on the horizon makes the decision trickier. If you’re the type of person who always wants the latest and greatest, you might want to wait and see what the PS5 Pro offers.

On the other hand, waiting means missing out on the fun now. Plus, the PS5’s price might drop as the PS5 Pro gets closer, and you could find good deals on used consoles from people upgrading.

Ultimately, the best advice is to consider your budget and what you want from a gaming console. If you’re looking for a great gaming experience and don’t care about having the newest tech, the PS5 is indeed a fantastic option in 2024. Just keep an eye on those PS5 Pro rumors and decide if waiting is worth it for you.

PS5 Pro: what we know (and mostly don’t know) so far

How to develop games for playstation

Okay, let’s talk about the elephant in the room: the PS5 Pro. Sony hasn’t officially said anything about it, but there’s been a lot of chatter online and from industry insiders suggesting it’s in the works. So, what do we know so far?

The rumors point to a possible announcement next month and a release sometime in 2024, perhaps before Christmas. They also suggest a significant boost in power (allegedly 227%), potentially allowing games to run much faster and look even better than they do on the current PS5. Some even say it could be marketed as an 8K gaming console, although whether any games will take advantage of that resolution remains to be seen.

Whatever happens, remember: these are just rumors for now. Sony could announce the PS5 Pro tomorrow or scrap the whole thing – we just don’t know for sure. 

But the whispers are getting louder, and it’s something to keep in mind if you’re thinking about buying a PS5 soon!

Conclusion

The PlayStation 5 has definitely made its mark on the gaming world. Even if it’s in the later stage of its life cycle, it’s a powerful and popular console with a fantastic library of games. While the rumors of a PS5 Pro might make some hesitant to buy now, the current PS5 still offers an incredible gaming experience. 

Ultimately, the decision of whether or not to buy a PS5 in 2024 depends on your individual needs and preferences, but one thing is certain: the PS5 has solidified its place as a major player in the gaming world, and it will continue to be a platform for exciting and innovative gaming experiences for years to come.

Ready to bring your gaming vision to life? At Main Leaf, we’re passionate about creating exceptional gaming experiences. 

As a leading Brazilian game development company, we offer comprehensive outsourcing services for all aspects of game design, art, programming, and even blockchain/NFT integration

Whether you’re developing for the PlayStation 5 or other platforms, our talented experts can help you make your dream game a reality. Contact us today to learn more and discuss how we can help you create a masterpiece.

Do you want to create your own game? Let us help.
Click the button below to request a quote for your game
Testimonials
Subscribe for Blog News

Get in touch!

CONTACT US

GAME CALCULATOR SPREADSHEET

Please fill your email below to download your Game Calculator Spreadsheet.