Still little hope for PS5 – Sony struggles with console shortage

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Sony is giving gamers:inside little hope for a PS5 this year. The console’s production schedule is being scaled down.

It takes particularly nimble fingers to get hold of a PlayStation 5. The console is consistently sold out. Despite the positive sales figures in Wednesday’s quarterly report, it is certain that Sony will produce even fewer PS5 consoles in 2022.

No sooner is the PlayStation 5 available in shops than it is gone. So far, the company has sold 17.3 million consoles. Nevertheless, Sony is not keeping up with the supply and many gamers are still sitting on the fence without a prospect of a PlayStation 5. However, this is also the reason why the company had to revise its production expectations for the console downwards for the current financial year.

Previously, Sony planned that 14.8 million PS5 consoles would be produced. Nevertheless, this figure has since been downgraded to 11.5 million, (as reported by Reuters). The reason for this is said to be the ongoing chip shortage. The pandemic is having a massive impact on production, leaving chipmakers unable to fill orders. Sony Chief Financial Officer Hiroki Totoki expects chip shortages to continue next year.

In an interview with (CNBC), Intel CEO Pat Gelsinger doesn’t have good news for the gaming community. According to him, the chip shortage is expected to continue until 2023. “Each quarter next year we’ll get incrementally better, but it’s not going to have a balance of supply and demand until 2023,” Gelsinger said. Besides Sony, Nintendo is also struggling with the shortage. The company expects 20 percent fewer switches this year.