Bloomberg has reported that Sony Group Corp. expects that the PlayStation 5 will remain in short supply through 2022. In a briefing from April 2021, Sony Group’s chief financial officer, Hiroki Totoki, revealed the news.
According to Bloomberg, who spoke with several anonymous sources, Hiroki had this to say:
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.
In the same briefing, Sony said that it has faced challenges in trying to keep up with the strong demand for the popular console. This has been partly due to component shortages, such as the semiconductors. Sony did not have an estimate to share of when they expect component supplies to normalize.
The PlayStation 5 has Faced Stocking Issues Since its Release
7.8 million units were sold from the time of the PlayStation 5’s release through March 31, 2021, as reported by Sony, but the console has been difficult to find since its release in November 2020.
From resellers buying up available consoles when restocks do happen very quickly to sites such as Tom’s Guide tracking where buyers can expect to see restocks, the PlayStation 5 remains elusive for many.
Totoki on Production
Totoki also spoke on Sony’s production of the PlayStation 5. He said that Sony “needs to ramp up production as soon as possible” to ensure that there are new consoles on shelves. According to Bloomberg, Totoki assured analysts during the briefing that demand will “remain high regardless of the COVID-19 situation”.
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