Square Enix tells IGN ‘FF16’ initial sales are ‘extremely strong’

Square Enix (SQNXF) told IGN that sales of its latest game “Final Fantasy 16” are “extremely strong,” noting that the title has sold well relative to the PlayStation 5 (SONY) install base. The game, which is exclusive to the PS5, sold 3M units during its launch week, a figure that sparked debat online over whether it had met the publisher’s internal sales expectations, according to IGN’s Wesley Yin-Poole. In a statement to IGN, Square Enix noted that there the install base size for PlayStation 4, which was the only platform available at the time for “Final Fantasy 7 Remake” in 2020, was larger than the PS5 install base is right now. “With 38 million PS5 consoles shipped globally (as of March 31, 2023), sales of Final Fantasy 16 surpassed three million units worldwide several days after its release on June 22, 2023,” Square Enix said. “Taking into consideration the sales figures of the acclaimed Final Fantasy 7 Remake and the difference in size of the install base of the PlayStation 4 at the time of this title’s release, we can see that the attach rate of Final Fantasy 16 is considerably high, given the PS5 install base.”