Customers looking to get the Sony PlayStation 5 might have to wait a while longer as the production of the console might be delayed or reduced due to the ongoing global chip and material shortage.
As per a report by Bloomberg, Sony has cut down the production forecast of the PlayStation 5 for 2021-22 “due to component and logistics constraints”. People familiar with the operations told Bloomberg that the media giant is having a hard time in securing the required chips and components for the production of the PS5 console.
Due to the global shortage and supply constraints, the company plans to cut down its forecast of producing 16 million units this fiscal to now producing 15 million units. Slashing the forecast by 1 million units will make it difficult for the company to meet its target of 14.8 million units sold by March 2022.
This information is currently not public, so investors and other interested parties don’t know much about the internal discussion for the time being. It is expected that Sony will make it public in its next investors’ meeting.]
Aside from PS5, Nintendo has also mulled over reducing its sales target for “Switch” family consoles by 1.5M units. Valve has also announced a “two-month delay” in the launch of its upcoming Steam Deck console which now launches next year in Feb 2022. Leading chip makers have also hinted at global shortages to continue for the most part of 2022 and only get better in 2023.
Sony PlayStation 5 is currently the fastest-selling game console in the USA but is only second to the leader Nintendo Switch in the number of units sold. With the ongoing shortage and planned production cuts, the Nintendo Switch is on track to claim the “Fastest Selling” game console title.