Sony to cut PS5 production even further due to component and logistical constraints: report

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As the demand for technology products increased during the Covid-19 pandemic, the supply of products has been strained. As supplies for the PlayStation 5 were stretched, it looks like the availability of Sony’s latest game console will be reduced again, according to a report by Bloomberg. Also Read – Guide to Christmas Gifts for Kids: Top 5 Cool Tech Gifts to Give this Christmas

The report states that Sony has reduced its PS5 production for this fiscal year due to component and logistical constraints. Bloomberg citing sources familiar with the operations, says the company previously had a production forecast of 16 million units for the year ending March 2022. Now the company has apparently reduced the forecast to around 15 million, which means it will likely just match its goal of selling 14.8 million PS5 units by March. Also Read – Nintendo Indie World Showcase December 2021: Here’s What’s Coming To Nintendo Switch

Sony CFO Hiroki Totoki on a conference call late last month with investors said logistics issues and parts shortages have increased dramatically. He also said that PS5 sales in the quarter ended in September were slightly below expectations. Also Read – Sony Offers Yearly PlayStation Plus Membership At An Incredible Price: Find Out Here

As a reminder, the PlayStation 5 managed to become Sony’s fastest console to reach 10 million units sold in July, but has fallen behind since.

Sony’s current production problems stem from uneven vaccine deployments in the countries where it has its production bases. This has led to an unpredictable supply of chips and other components. The company’s manufacturing partners have said they expect the PS5 to continue to have limited availability until 2022. They also said meeting the sales target of 22.6 million over the next fiscal year would also be a big challenge due to production issues.

Components currently in short supply include critical parts such as power management chips, according to the report.

Sony isn’t the only company struggling, as rival Nintendo also recently cut its annual sales forecast for the Switch console by 1.5 million units. Valve has also pushed back the debut of its Steam Deck handheld console.






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