Black Myth: Wukong release triggers PS5 sales surge in China, spiking Sony stock
Black Myth: Wukong's release spiked PS5 sales in China, boosting Sony's stock.
Black Myth: Wukong, an action RPG launched on August 20, 2024, achieved unprecedented success, selling 10 million copies worldwide within three days and breaking Steam's concurrent single-player record with over 2.2 million players in its first 24 hours. The game draws from the classic 16th-century novel Journey to the West and showcases the 7th-century East Asian myth of Sun Wukong – the Monkey King.
The release of Black Myth: Wukong led to an extraordinary surge in PlayStation 5 sales in China, a market typically dominated by PC and mobile gaming. Reports from Alibaba Group indicated that PS5 sales more than doubled in the week leading up to the game's release, which caused Sony's stock to jump 7.5 percent between Tuesday and Wednesday and rise 18 percent over the year.
Developed by Chinese studio Game Science, Black Myth: Wukong utilizes Unreal Engine 5 and features immersive ARPG elements blended with Chinese mythology and martial arts gameplay. A labor of love, the game exceeded profit expectations despite high development costs, reflecting the dedication and passion of its creators. The enthusiasm spurred by its release has reinvigorated interest in console gaming and boosted Sony's financial outlook.