Be warned a company Sony asserted a group of analysts that the shortage of PS5 supply remains in place until 2022, indicating that the Japanese company will be constrained in its ability to boost sales targets for the latest gaming platform.
The Japanese company said, while announcing the financial results in late April: It had sold 7.8 million platforms as of March 31, and aims to sell at least 14.8 million platforms in the current fiscal year.
That should keep the PS5 at a pace that matches the path of the popular PS4 platform, of which the company has sold more than 115.9 million units so far.
In summary after these results, Sony told analysts that it is difficult to keep up with strong demand.
The PS5 has been difficult to find since its launch in November, partly due to a shortage of components, such as semiconductors, and the company has not provided an official estimate of when it expects the display to return to normal.
“I don’t think demand parallels supply this year, demand will not decline this year, and even if we secure more gear and produce many units of the PS5 next year, our supply will not be able to keep up with demand,” Chief Financial Officer Hiroki Tutoki said in the briefing.
Sony had expected operating profit to fall by about 4 percent in the current fiscal year, but analysts were considering whether the company could exceed conservative expectations with the help of strong demand for the platform and new games.
Tutoki told analysts that Sony needed to ramp up production as quickly as possible and ensure pallets were in stores.
Demand remains high regardless of the coronavirus situation, and the chief financial officer emphasized concern about the company’s ability to take full advantage of the increase in home entertainment resulting from the closings.
“We’ve sold over 100 million PS4 platforms, and given our market share and reputation, I can’t easily imagine demand dropping,” he said.
However, the company’s latest earnings report indicates that stay-at-home demand is stabilizing.
Sony said: The monthly active users through the PlayStation Network decreased to 109 million at the end of the January-March period compared to 114 million monthly active users in the previous quarter, and sales of games decreased in this period compared to the previous year.
Competitor Nintendo warned last week that a lack of components could affect production, and it is officially targeting sales of up to 25.5 million platforms in the year ending in March 2022, down slightly from the previous year.
Topics of interest to the reader