Sony Group Corporation has warned analysts that PlayStation 5 will be in short supply by 2022, suggesting that the company will limit the ability to increase sales targets for its latest gaming console.
When reporting financial results in late April, the Japanese joint venture said it had sold 7.8 million units of the console by March 31. Purpose Sell at least 14.8 million units in the current fiscal year. It will be fast enough to match the path of the popular PlayStation 4, which has so far sold over 115.9 million units.
At a conference following these results, Sony said it was challenging to keep up with strong demand from analysts. Due to the lack of components such as semiconductors, it has been difficult to find shares since PS5 was released in November, and the company has not given an official estimate for when delivery is expected to normalize.
“I do not think demand will decline this year, and although we will be retaining many units and producing more PlayStation 5 units next year, our offering will not be able to meet demand,” said Hiroki Totoki, CFO. Not.
A Sony spokesman declined to comment.
At Sony It will buy back Until then It cut its own stock of 200 billion yen (8 1.8 billion) to analyst estimates after reporting a profit in the March quarter. It predicts that operating profit will fall by about 4% in the current financial year, but analysts are considering whether the company can break the conservative outlook through strong demand for new consoles and games.
Shares have fallen about 8% since the earnings report on April 28, up 75% from the previous year.
Read more about Sony’s plans for this year
Totoki told analysts that Sony should increase production as soon as possible and make sure there are consoles on store shelves. An analyst-CFO warned against Sony’s ability to take advantage of the entertainment boom in the shelter completely triggered by locks and emergency orders, as demand is high regardless of the Govt-19 situation.
“We have sold more than 100 million units of PlayStation 4, and given our market share and reputation, I can not imagine that demand will easily fall,” he said.
However, the company’s latest earnings report says that the demand for staying at home is declining. Sony says that the monthly number of active users on PlayStation Network dropped to 109 million at the end of the January-March period. It was 114 million in the previous quarter, and sales of full games decreased from the previous year.
Competition Nintendo Co. says component shortage will affect production. Warned last week. It has officially targeted sales of 25.5 million consoles for the year ending March 2022, somewhat lower than the year before. But domestically, it is said that Nintendo’s management produces 28 to 29 million consoles, Bloomberg News reported.
