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PS5 Shortages To Continue In 2022 Says Sony

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Sony’s Chief Financial Officer, Hiroki Totoki, expects PS5 shortages to continue into 2022, the company will ship 14.8 million units by March 31, 2022.

Following the latest financial report, the executive spoke in a private briefing where he admitted that the current situation has been challenging for manufacturing plants, who are not provided with enough key components such as semiconductors.

“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,” Totoki reportedly told attendees at the briefing.

“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.”Hiroki Totoki added.

Sony Interactive Entertainment managed to ship 7.8 million PS5 units between November 12, 2020, and March 31, 2021. Sony expects to ship another 14.8 million units by March 31, 2022, something that certainly won’t meet the huge demand for the next-gen console.

Back in February Sony’s CFO, Hiroki Totoki announced the PS5 production was being slowed down due to a shortage in the semiconductor needed for the console. The executive acknowledged that Sony is having a hard time with the allocation of semiconductors as the key component is also used in smartphones, laptops, vehicles, and digital cameras.

“It is difficult for us to increase the production of the PS5 amid the shortage of semiconductors and other components,” Sony chief financial officer Hiroki Totoki said at a press briefing.

Nintendo’s analyst has also commented on the global chip shortage, the Tokyo-based company forecasts a 12 percent drop in sales of Nintendo Switch consoles in the financial year ending in March 2022.

Production “might be affected by obstacles to the procurement of parts, including the increase in global demand for semiconductor components,” Nintendo said in its financial statement.

Source: Bloomberg

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