The PlayStation 5 (PS5) was released in November 2020. Despite being on the market for a year now, the PS5 is still hard to find , and now it looks like the problem will only get worse. Based on a new report from Bloomberg, Sony has changed its PS5 production goals and has decided to reduce production by 1 million units (from 16 million units to around 15 million). Previously, the Japanese company had set a goal of selling 14.8 million PS5s by March 2022, but this will be difficult with the production cut.
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The news seems to fit with some statements from Sony CFO Hiroki Totoki, who told investors last month that shortages and supply issues have begun to become more pronounced and that potential future restrictions related to COVID-19 could have additional impacts on PS5 production.
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However, despite the problems created by COVID-19 and the global chip shortage, the PlayStation 5 managed to become Sony's fastest-selling console, having surpassed 10 million sales in July. This suggests that Sony's supply issues may be mainly related to outrageous demand rather than limited production.
However, sales have declined in the last quarter.
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Buyers faced difficulties from the start in finding the PlayStation 5 on the market. For a long period, the popular console was only available online and when it reached retail stores, it disappeared immediately.
Shortages of essential components and the reduction of production by 1 million units will certainly make buying a PS5 more difficult. If we consider that the holiday season is approaching and many will rush to acquire a console, things will become even more difficult.
Source: Gizmodo
