PS5 stock issues continue, as Sony admits it will ship fewer consoles this quarter

Date:
Wed, 02 Feb 2022 11:38:00 +0000

Description:
Sony has admitted that it wont be able to ship as many PS5 consoles during this coming quarter as it did last year.

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Sony will ship fewer PS5 consoles this quarter than it managed to the same time last year.

During Sonys third-fiscal quarter earnings , the company said its current forecast is to ship two million PS5 units between January and March, which is 1.3 million fewer than Sony shipped during the same quarter last year.

Sony chief financial officer Hiroki Totoki admitted that demand for PS5 remains high and that the company is still facing issues dealing with the ongoing global semiconductor crisis . Totoki expects that component shortages will continue in 2023, but that the impact of the pandemic has mostly been alleviated. Don't expect PlayStation 5 shortages to improve soonIn fact that they are looking to get worse. Sony revised down their forecastCurrent forecast is to ship 2 million PS5 units between January-March quarter. That's 1.3m units less than PS5 Shipped in the same quarter last year February 2, 2022 See more

Even though Sony has been unable to get more PS5 consoles in the hands of consumers, the company announced that it has shipped 17.3 million units in total as of December 31, 2021. Thats certainly impressive, but its almost three million fewer than the PS4 had shipped during the same period of time
on sale. Analysis: PS5 stock shortages continue to frustrate (Image credit: Sony)

Consumers have struggled to find PS5 stock ever since the console was
released on November 19, 2020, and it appears that it wont get any easier to secure Sonys elusive console for quite some time.

The PS5 has been hit by a perfect storm of high demand, component issues, scalpers , and the pandemic, which has resulted in PlayStation 5 stock being impossibly hard to find. Its clear that Sonys bottom line is now suffering,
as there are still millions of people who would like to buy a PS5 , but
simply cant.

Stock drops do happen semi-regularly now, but only a limited amount of units are available each time. Theres also a huge surge of demand whenever a retailer announces stock is available, which can lead to thousands missing
out if theyre late to the announcement.

After a quiet holiday period, Sony is set to release several high-profile exclusives which will only entice more people to purchase a PS5. Horizon: Forbidden West and Gran Turismo 7 are scheduled to release in February and March respectively, and Sony recently released the Uncharted: Legacy of Thieves Collection .

If youre searching for a PS5, were doing everything we can to help you find Sonys console in stock. PS5 vs PS5 Digital Edition : what's the difference?



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Link to news story: https://www.techradar.com/news/ps5-stock-issues-continue-as-sony-admits-it-wil l-ship-fewer-consoles-this-quarter/


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