PlayStation 5 shortages will extend into next year

by Hilbert Hagedoorn on: 05/12/2021 09:11 AM | source: bloomberg.com | 26 comment(s)

Sony warned that the PlayStation 5 will continue to be in short supply until 2022, suggesting that the company will have limitations in its ability to drive sales targets for its latest game console.

During its financial results conference, they mentioned it had sold 7.8 million units of the console as of March 31 and aims to sell at least 14.8 million units this year. That would keep it on track to match the trajectory of the popular PlayStation 4, which has sold more than 115.9 million units to date. The PS5 has been hard to get ever since its launch (November), partly due to a shortage of components such as semiconductors, and the company has not given an official estimate of when it expects supply to normalize.

"I don't think demand will drop this year and even if we produce many more PlayStation 5 units next year, our supply could not keep up with demand," said CFO Hiroki Totoki.

Totoki told analysts that Sony needs to increase production as soon as possible and make sure there are consoles in stores. Demand will remain high regardless of the Covid-19 situation, the CFO assured an analyst who is suspicious of Sony's ability to fully capitalize on the rise in home entertainment triggered by emergency shutdowns due to COVID.

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cryohellinc
Senior Member

Posts: 3489
Joined: 2014-10-20

#5911691 Posted on: 05/12/2021 09:44 AM

Has absolutely nothing to do with scalpers.

nicugoalkeper
Senior Member

Posts: 905
Joined: 2006-04-13

#5911692 Posted on: 05/12/2021 09:51 AM

It depens how you see it:
https://www.businessinsider.com/playstation-5-resale-website-stockx-sales-2021-5

Maddness
Senior Member

Posts: 1911
Joined: 2014-10-24

#5911706 Posted on: 05/12/2021 11:41 AM

It's a ridiculous situation to think that in this day, you can't buy the latest consoles and video cards.

Silva
Senior Member

Posts: 1753
Joined: 2013-06-04

#5911707 Posted on: 05/12/2021 11:46 AM

It depens how you see it:
https://www.businessinsider.com/playstation-5-resale-website-stockx-sales-2021-5
Jokes on those who bought it from scalpers, paying overpriced and fuelling the madness we are in.
I can't understand how not a single government has made re-selling of new products illegal, or how companies like Sony and Microsoft that sell at a loss aren't mad they're losing money while people are actually willing to buy them more expensive.
Just raise the f*ing prices you dumb asses...

anthos
Senior Member

Posts: 110
Joined: 2005-11-14

#5911716 Posted on: 05/12/2021 12:50 PM

Jokes on those who bought it from scalpers, paying overpriced and fuelling the madness we are in.
I can't understand how not a single government has made re-selling of new products illegal, or how companies like Sony and Microsoft that sell at a loss aren't mad they're losing money while people are actually willing to buy them more expensive.
Just raise the f*ing prices you dumb asses...

Wait, so if someone bought a PS5 (or an Nvidia card or whatever) and they realized after a few months that they don't have time for it so might as well sell it on (or need the money), well might as well get ****ed?

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