Consumers finally won’t have to wait for the PlayStation 5 console and physical goods should be seen regularly on store shelves as Sony says the console’s shortages are nearing an end.
Sony Interactive Entertainment CEO Jim Ryan announced Wednesday (5) at the Consumer Electronics Show (CES) in Las Vegas that the supply of game console hardware has improved late last year, and December even set a record for PS5 sales in history. .
“From now on, anyone looking to buy a PS5 should have a harder time finding one on retailer shelves around the world,” he said.
However, amid the general decline in US stocks, Sony ADR (SONY-USA) still fell 0.39% on Thursday to close at $77.50 a share.
Ryan also said that global sales of PS5 game consoles have surpassed 30 million units, meaning that since the company last released a sales update, it has sold 10 million units in about 7 months.
This is good news for Sony and gamers, the PS5 still lags behind the PS4 by around 6 million units in current sales (26 months after launch), which sold around 36 million units in the 26 month period. following its launch in November 2013.
However, the main reason for the lag in PS5 sales is due to supply constraints and semiconductor shortages caused by the epidemic, rather than weak demand, therefore, supported by improved production levels, PS5 sales growth is expected to pick up significantly.
Baron Business Week reported in May last year that once Sony overcomes the PS5 chip shortage, it should thrive. In the same month, Sony revised upwards the PS5 console’s production plan for the full year ending March 2023 by at least 50%, equivalent to a sales volume of 18 million units during this period.
