Sony expecting PlayStation 5 shortages to last into 2022
The global silicon shortage has spoiled the launch of current generation consoles with no reprieve in the near future.
Sony Group Corp. warned a group of analysts the PlayStation 5 will remain in short supply through 2022, suggesting the company will be constrained in its ability to boost sales targets for its latest games console.
While reporting financial results in late April, the Japanese conglomerate said it had sold 7.8 million units of the console through March 31, and it is aiming to sell at least 14.8 million units in the current fiscal year. That would keep it on pace to match the trajectory of the popular PlayStation 4, which has sold in excess of 115.9 million units to date.
In a briefing after those results, Sony told analysts it is challenging to keep up with strong demand. The PS5 has been difficult to find in stock since its release in November, in part because of shortages in components such as semiconductors, and the company hasn’t given an official estimate for when it expects supply to normalize.
“I don’t think demand is calming down this year and even if we secure a lot more devices and produce many more units of the PlayStation 5 next year, our supply wouldn’t be able to catch up with demand,” Chief Financial Officer Hiroki Totoki said at the briefing, according to several people who attended and asked not to be named as it wasn’t public.
Despite being the fasted selling console in US history, it still is hard to get at the moment. Back in April, Playstation CEO Jim Ryan said that the company were looking to increase PS5 supply, and that he was in discussions with AMD — the chip supplier of the PlayStation 5 but considering how bad stocks still are, it looks like the production increase promise has yet to be started.
source BloombergTags: PlayStation 5, Sony PlayStation