Sony expects the PlayStation 5 shortage to continue until 2022

Sony Group has warned a group of analysts that the popular PlayStation 5 game console will remain in short supply until 2022. This will limit the company’s ability to boost sales targets for the latest gaming console. Read also – Sony plans to integrate Discord into PSN in 2022: Here’s what we know

Sony Group Corp. announced during a results call in late April that it has sold 7.8 million units of PlayStation 5 As of March 31, it aims to sell a minimum of 14.8 million in the current fiscal year. These numbers will help the company continue its momentum to reach PlayStation 4 sales numbers, which have so far surpassed 115.9 million units. Read also – Sony PlayStation State of Play event: Ratchet & Clank: Rift Apart, Between Us and More!

After the results were over, the company briefly informed the analysts of what it had reported Bloomberg, It is struggling to keep up with the strong demand for the latest controller. This is partly due to a shortage of ingredients and secondly due to excessive demand. The company has not provided any official estimate regarding when the supply will return to normal. However, it expects the shortfall to extend into the next year. Read also – PlayStation Plus Games Free May: Battlefield V, Wreckfest, and More

“I don’t think demand is going down this year, even if we secure more devices and produce more units of it PlayStation 5 “In the next year, our supplies will not be able to keep up with demand,” Chief Financial Officer Hiroki Tutoki said during the briefing, according to a Bloomberg report citing several unknown people who attended the briefing.

While breifing, Totoki also told analysts that the company needs to ramp up production as soon as possible to ensure their controllers are available on store shelves. He states that demand will continue to rise regardless of the Covid-19 situation, and stated that the company is fully able to take advantage of the increase in home entertainment resulting from closures and emergency orders.

The company’s latest earnings report indicates that the demand for staying at home is stabilizing. Active users monthly with a date PlayStation Network To 109 million at the end of the January-March period, from 114 million in the previous quarter. Games sales also fell.

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