Sony Acknowledges PS5 Shortage, Issue Possibly Extending into 2022

The Boss Rush Network

Sony reported 7.8 million units of PlayStation 5 sold through March 31. By the end of the fiscal year, they hope to achieve at least 14.8 million units. The elephant in the room was acknowledged shortly after reporting their financial results in a briefing to analysts–they continue to struggle to meet demand. While we’ve been given various contributing factors to the shortage, Sony still cannot provide a guaranteed timeline of when the supply will finally match its demand. Hiroki Totoki, the company’s CFO, said:

“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”

Former President Trump’s trade war with China and the COVID-19 pandemic complicated production goals for chip manufacturers, which snowballed into a semiconductor shortage–something the console needs…

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