PS5 stock has been tricky to get hold of since Sony launched the new generation of hardware in November 2020, and the company expects supply issues to carry on well into next year.
It’s no secret that PS5 stock has been hard to come across, no matter where you are in the world. The company has already outlined that it wants to build stock at a faster pace than it did with the PS4, but shortages are making components hard to come by, and the company simply cannot keep up with consumer demand.
As per a new report from Bloomberg, the company isn’t enthusiastic about its chances of correcting the stock shortage issue anytime soon, either.
“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,” Sony’s chief financial officer, Hiroki Totoki, said during a briefing after Sony’s latest financial results went public, according to the article.
“We have sold more than 100 million units of the PlayStation 4 and considering our market share and reputation, I can’t imagine demand dropping easily.”
Sony has previously stated it wants to produce a whopping 14.8 million consoles in order to match demand in the financial year starting in April 2021, but ongoing semiconductor shortages are liable to hobble that goal. We’re seeing similar concerns voiced over on the other side of the console fence, too, with Xbox stating it expects Xbox Series X/S console shortages to continue until at least summer 2021.
It’s also been reported that Sony may be working on a hardware redesign that could make it easier, and cheaper, for it to produce PS5 consoles.
To date, Sony has sold through over 7.8 million PS5 units and as a result, the company has enjoyed the biggest console launch in its history – but if stock shortages continue, that headstart may soon start to fade.
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