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Sony Reduces PS5 Production Expectations For FY2021

It's going to get even harder to get a PS5 soon.
by Oliver VanDervoort on November 12, 2021   

Sony reduced its PlayStation 5 production outlook earlier this week, for FY2021 due to component and logistics constraints, according to people familiar with its operations.

The entertainment giant had previously targeted more than 16 million units assembled in the year ending March, setting it up to achieve its sales goal for the period and also get a head start on the subsequent year’s production. The company has now cut that number down to about 15 million, making its aim of 14.8 million PS5 sales by March difficult, the people told Bloomberg, asking not to be named as the information is not public.

That jibes with what Sony has said publicly in recent months. Logistics issues and parts shortages have grown more severe for Sony, CFO Hiroki Totoki told investors on a conference call in October. Additionally, PS5 sales in the quarter ended September were slightly weaker than expectations, having previously warned that any resurgence in the spread of Covid-19 may impact the company’s components supply. The PlayStation 5 became the fastest Sony console to reach 10 million units sold this July, but it has fallen behind the sales pace of its predecessor PlayStation 4 since then. The availability of units is thought to be playing a rather large part in that.

Things aren't looking great for things in FY2022 either.

Sony’s manufacturing partners expect the PS5 to remain in tight supply through 2022 and said that producing enough units to achieve the company’s target of 22.6 million sales in the next fiscal year will be challenging.

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