Sony warns PlayStation 5 stock may remain scarce until 2023
In a new article out of Bloomberg, Sony offered up a warning that many will not be happy to hear: the PlayStation 5 could be supply constrained through 2022.
According to Bloomberg, in a briefing with analysts after the company’s latest financial report last last month, Sony Chief Financial Officer Hiroki Totoki is reported as saying “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.”
Part of the problem with the PlayStation 5—and, really a lot of tech—stems from the shortage of technological components that is still causing havoc in a wide variety of product sectors. No matter how many more units Sony wants to make, there’s simply a limit on how many can be made due to those shortages.
The other part of the problem is also pretty obvious: there’s a lot of demand for the console. Even with the worldwide pandemic, economic uncertainty, and other factors, the PlayStation 5 has still sold 7.8 million units through March of this year, putting it on pace with the PlayStation 4 (which itself was a huge success right out of the gate). According to Bloomberg, Sony hopes to sell at least 14.8 million PlayStation 5s through the end of its current fiscal year, but can all keep our fingers crossed they’re able to produce even more than that to help satisfy demand.