Sony doesn’t expect the PlayStation 5 supply situation to improve anytime soon, according to comments its CFO reportedly made to analysts following the company’s recent earnings report. Hiroki Totoki said it is difficult for Sony to meet demand for the PS5, according to Bloomberg, and the situation is expected to continue until 2022.
“I don’t think demand will calm down this year and even though we secure a lot more devices and produce a lot more PlayStation 5 units next year, our supply might not meet demand,” reportedly declared Totoki. , later adding, “We have sold over 100 million units of PlayStation 4 and given our market share and reputation, I can’t imagine the demand going down easily.”
Sony aims to produce at least 14.8 million PS5 consoles during the fiscal year in early April 2021, having sold 7.8 million until March 31. The company also sold 14.8 million PS4 consoles in its first full fiscal year, but did not experience severe supply constraints for most of that time, suggesting that initial demand for the PS5 is significantly higher.
Totoki’s comments are less optimistic than previous Sony posts. The boss of PlayStation had previously suggested that the supply of PS5 would “improve every month throughout 2021”. Jim Ryan, President and CEO of Sony Interactive Entertainment, told the Financial Times in February that “the pace of supply chain improvement will accelerate throughout the year, so by the time we get to the second half of , you’re going to see some really decent numbers. “
It’s possible that PS5’s supply will really improve at some point, but what ultimately matters to Sony is that Totoki doesn’t expect the company to be able to keep up with the demand. in the short term, even if production capacity increases. As Ryan himself noted, “There are very few magic wands that can be waved.”