Well considering the huge hit they were taking on every hardware unit sold for the first few years. And lets make no mistake about it, after the serial disasters and fuckups of the first 5 years they really turned it around and ended the generation in better shape than Xbox in spite of what the shills were predicting.
Not revenue. They were in red with PS3. Even after selling 85+m.
That's based on them taking a 30% cut for their platform, now consider that if you remove those sales from Activision do the math on how much they will lose every year. As I noted previously, you aren't going to replace every PS user with a new user, certainly not in the short-term because that would be a fiscal blood-bath.
That is US alone. It doesn't include worldwidw.
You are looking around 500+m revenue from cod.
From FTC documents, some Sony games cost 200+m to make. That revenue alone will cover 2 AAA Sony games and 1AAA timed exclusive for 1 year. And since COD is yearly, that money will keep coming nonstop.
6 years of COD is worth 3b revenue. Do you know how much benefit Sony will get from that money?
Not at all, they just need popular content to plug the gap. Nothing is irreplacable so long as the overall offer remains strong. Nintendo seem to do just fine despite the absence of CoD after all.
The future is always unknown. Who knows whether or how popular tastes will change, what new styles or IP will rise up to prominence. There's no substitute for competent management because that's what keeps a company successful, not their past successes or what properties they own.
You can't cover a yearly game like COD. That is impossible.
Look at FF16. That is a huge game and it's not even guaranteed to crack 8m by the end of this year.
Xbox in the 360 era seemed unstoppable, but they managed to completely fuck things up by making the wrong bets and becoming complacent over the course of that generation.
Sony could do the same thing. Nothing is guaranteed in this world.
Look at the mess that was PS3 after PS2 success.
The bottom line is despite so much hype about how improved Xbox is in the Gamepass era, its still third in a field of 3. Do you honestly think buying ABK is going to turn things around for them so starkly? That getting exclusivity on a bunch of franchises THEY HAVE HAD ON THEIR PLATFORM ALL ALONG is suddenly going to launch them into the stratosphere?
First or 3rd is meaningless. One fk up and you lose your place.
Nintendo went for Wii to Wii U to Switch.
Sony went from PS2 to PS3 to PS4 to PS5.
While Xbox went from X360 to Xbox one to XBS. In this gen, they will own both Bethesda and Activision. That was impossible thing to imagine to Xbox one.
It all depends on who the management is. If Xbox changes their current management, they can be a serious threat with the content and MS full backing. Imagine bobby leading Xbox with MS money. It's why you don't count on your future.