Sony (the company) recently posted a drop in profits by 29%, blaming their failing camera division, reduced profit in their financial and insurance sectors and their entertainment industry (music, films, games).
Playstation used to prop up the other failing departments at Sony and saved Sony during the transition of shutting down the TV/Laptop departments.
If the PS5 is selling so poorly that's only because the games are shit and the branding/marketing is terrible. There's very powerful piece of tech under the hood of PS5, which is wasted and hasn't been used to its' full potential, because Jim Ryan spent too much time wanking over cross-gen sales and trying to beat Phil Spencer to the award of "worlds worst head of gaming".
Sony have even stated that their goal of 25 million PS5 sales by FY end 2023 is looking very unlikely. However, they have said they won't affect their financial targets to just to fulfil their sales targets, which means, "they won't drop the price just to try and sell more", which is retarded for a platform that relies on digital sales vs hardware ones.
The gaming industry is hurting