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Sony Slashes PS5 Supply Forecasts by 1 Million Units

If you were considering finally splashing out on a PlayStation 5 next year, you might have to think again. New reports from Bloomberg suggest the current shortage of units is about to get worse before it gets better. The console producer, Sony has downgraded its forecasted production by one million units for the fiscal year, citing ongoing “component and logistics constraints”. Ouch.

According to Bloomberg, the Tokyo-based tech titan had previously outlined plans to produce more than 16 million units in the year to March. If achieved, the result would mark a new sales goal for the period and kickstart a major drive for the following year, but it appears the ongoing concerns around chips are continuing to plague the industry. The company has revised that aim to 14.8 million PS5 sales by March difficult, according to an anonymous source that did not want to be named.

While the news does hit home for PS5 fans who have yet to score the much-loved console, it’s not exactly out of the blue. Since it was released around a year ago, the PlayStation 5 has been notoriously hard to find, due to a stark shortage in components like power management chips. The shortage has led to a scarcity of overall consoles, which chipmaker Toshiba Corp. previously outlined wasn’t likely to normalise even in 2022.

Sony has yet to officially confirm the reports, but it bears reminding that it’s not just the PS5 producer that will be impacted. Rival console maker Nintendo Co. is also set to feel the burden of chip shortages. In early November, the company cut its full-year sales forecast for the Switch by 1.5 million units with Valve Corp. similarly slashing its projections for the new Steam Deck portable console. Looks like if you want to get your hands on a new console next year, you might be short on luck.