Sony expects supply issues to continue this financial year as well

Sony doesn’t expect the supply of PlayStation 5 to improve any time soon. Looking at the earnings of the company, the CFO of the company made this acclamation.

Hiroki Totoki said that it is pretty difficult for Sony to maintain the supply-demand for PS5. Moving forward into the report, one can say that the company will still face the same issue in 2022.

As the demand for PS5 is surging more than that of PS4, the company itself is unable to keep up the demand.

Hiroki Totoki said that the company would not keep up the demand looking at the company’s reputation in the market.

Unexpected acclamation made for Sony’s PlayStation 5:

Even if the company produces much more PlayStation 5 than last year, they still won’t maintain the demand. He later adds that Sony has sold around 100 million units of PlayStation 4.

Sony is planning to produce around 14.8 million PS consoles for this financial year. However, the company has sold about 7.8 million PS 5 consoles through March 31st.

Moreover, the company sold around 14.8 million PS4 consoles in its first full fiscal year. Despite this, Sony never faced any supply constraints after the release of PS4 in the market.

But the supply of PS5 is much higher than PS4. Totoki’s comment is less optimistic than the last message from Sony. PlayStation head said that in 2021, production would surge by each month.

Jim Ryan, president and CEO of Sony Interactive Entertainment said that by the second half of the financial year 2021, one could see the company meeting all the demand.

The pace of producing quantities will surge in the first half, and by the second, the company will be able to meet the demands. This statement was reported by Financial Times in February by Jim Ryan.

The bottom line of the content

Sony might increase the capacity of production at some point. Mainly, what now matters is the statement given by Hiroki Totoki.

His statement, however, gives us an insight that the company might not be able to cope with the actual demands of PS5 in the present market.

Not meeting the demands of PlayStation 5 in the market will not only bring a reduction in the purchase of the consoles but also will majorly hit the reputation of the company.

PlayStation 5 has been news for several days. Undoubtedly, the company has launched the recent gaming console, which brings a different set of games in it.

The efficiency and smoothness of this gaming console are now making users demand it a lot. It’s high time for the company to realize this and meet up the demands.

 

Image courtesy of SpawnPoiint/YouTube

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