PlayStation 5 faces short supply until next year

A customer buys the new Sony PlayStation 5 gaming console on the first day of its launch, at an electronics shop in Kawasaki, Kanagawa prefecture on November 12, 2020. (Photo by CHARLY TRIBALLEAU / AFP)

Countless gamers may have to wait longer before they see a PlayStation 5 on store shelves after it was reported that Sony Group Corporation is expecting a shortage of supply until 2022.

The problem, according to a report by Bloomberg, is the shortage of key components such as semiconductors. To make it worse, the Japanese company does not see the end of the tunnel, as they cannot predict when supply would 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,” said Chief Financial Officer Hiroki Totoki.

Sony reports that the console has so far sold 7.8 million units through March 31, and is aiming to sell 14.8 million units more in the fiscal year to keep up with the pace of Playstation 4, which has sold 115.9 million units to date.

Thanks to the shortage, Sony’s shares have dropped by 8% in its latest earnings report 28 after it skyrocketed as far as 75% last year.

“We have sold more than 100 million units of the PlayStation 4 and considering our market share and reputation, I can’t imagine demand dropping easily,” Totoki stated.

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Credit belongs to : www.tribune.net.ph

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