Sony released the PS5 two years ago, but it’s no easier to get one now than it was at launch. Last year only made matters worse, as factories around the world shut down to protect workers from COVID-19. The worst of the pandemic is now behind us, yet many companies are still feeling the effects of the global chip shortage. Just this week, Bloomberg reported that Sony has lowered its PS5 production prospects for the remainder of the fiscal year due to component constraints.
Long story short, constantly checking ours PS5 Supply Update coverage may be the only way to find a PlayStation 5 console this season.
It will be difficult to find a PS5 during the holidays
Like Bloomberg notes, Sony was planning to build more than 16 million PS5 consoles during its current fiscal year, which started in April 2021 and ends in March 2022. The company’s sales target for the same period was 14 , 8 million units. Now, in light of supply constraints and logistical issues, Sony is lowering its build target to 15 million PS5 consoles. Selling 14.8 million by March will be tough. It also shows how much trouble Sony is having when it comes to producing consoles.
by Bloomberg The report also features recent comments from Sony chief financial officer Hiroki Totoki. In a conference call in October, the executive said the shortage of parts and logistical problems had become more severe. He admitted that PS5 sales weren’t as strong as the company expected. He also reminded investors that he warned them that a new wave of infections would impact the company’s ability to obtain the necessary components for the console.
For months, the PS5 was poised to be Sony’s best-selling console of all time. In July, Sony announced that it had already sold 10 million consoles. This was the fastest that any PlayStation has ever reached that milestone. In the following months, he lost that pace and is now behind the PS4.
The report goes on to note that essential components, such as power management chips, are hard to find right now. To make matters worse, chip makers like Toshiba and Taiwan Semiconductor Manufacturing Co. (TSMC) believe the problems will continue into 2022.
As frustrating as this situation has become, it will get even worse in the coming months. The libraries for both PlayStation 5 and Xbox Series X | S are relatively scarce at the moment. Meantime, the floodgates open in 2022, with Forbidden West Horizon, Gran Turismo 7, God of War Ragnarok, And Ancient ring all ready for launch next year. These games will increasingly only be playable on next generation hardware and demand will increase again.