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Sony says PS5 will be in shortage till 2022

Sony has warned that they wont be able to keep up with the high demand for the PlayStation 5, while reporting financial results in late April, Sony said it had sold 7.8 million units of the console through March 31, it is aiming to sell at least 14.8 million units in the current financial year. That would keep it on track to match the popular PlayStation 4, which has sold more than 115.9 million units to date.

“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,” Chief Financial Officer Hiroki Totoki said at the briefing

Totoki told analysts that Sony needs to speed up production as soon as possible and make sure there are consoles on store shelves. Demand will remain high regardless of the COVID-19 situation. Surely Sony has been able to capitalize on the need for entertainment at home as lockdowns have been progressing world wide.

Although the company’s latest earnings report suggests that stay-at-home demand is going back to normal. Sony said that active users on PSN fell to 109 million at the end of the January-March period from 114 million a quarter earlier and games sales also declined in the period from a year earlier.

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Written by Ruan Bronkhorst

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