- Sony’s CFO has said that PS5 supply issues are unlikely to be resolved in 2021.
- Sony is unable to keep up with the sky-high demand due to the shortage of semiconductors and other components.
- Despite all the odds, Sony has managed to sell over 3.5 million PS5 units worldwide.
It appears that the PS5 supply issues are here to stay for a while. Sony has admitted that it has a tough time keeping up with demand, and that supply will continue to be an issue for 2021, and even through 2022. Sony CFO Hiroki Totoki had the following to say in a statement to Bloomberg, “I don’t think demand is calming down this year and even if we secure a lot more devices and produce many more units of the PlayStation 5 next year, our supply wouldn’t be able to catch up with demand”.
It isn’t very surprising, considering the global semiconductor shortage. That, combined with the general scarcity of some other specialized parts, has resulted in limited production of several electronic components, gaming consoles included. It is also worth noting that demand is higher than before, so keeping up with it trickier. Interestingly enough, Sony has sold over 3.5 million PS5 consoles so far, and that number is likely to double before the year ends.
Of the 4.5 million consoles sold globally, a measly 4,000 of them were sold in India. Fresh PS5 stock is unlikely to arrive anytime soon. At this point, Sony has made it abundantly clear that it does not see the Indian market as lucrative. Microsoft, on the other hand, has done a good job of keeping Xbox Series S and Series X in stock, albeit in limited quantities. Furthermore, it has also implemented localised pricing for Game Pass, making it an excellent value addition to the console purchase.