PS5s Likely To Remain Scarce Until 2022

Originally published on Dark Horizons by Garth Franklin

Sony has warned investors that the PlayStation 5 console may be hard to come by for consumers until next year.

The system first debuted on November 12th last year and has been extremely limited in supply for the first six months on store shelves.

Despite the limited availability, around 7.8 million units have sold through March 31st and the company aims to sell at least 14.8 million units in the current fiscal year.

Sony CFO Hiroki Totoki says it isn’t just the global chip shortage that’s impacting things – high demand is a big reason for the lack of systems:

“I don’t think demand is calming down this year. 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.”

Totoki adds that Sony will ramp up production as soon as possible in order make sure there are consoles on store shelves and that demand will remain high regardless of the COVID-19 situation.

The comments come as the first PS5 exclusive titles have started to appear with “Returnal” last month and “Ratchet and Clank: Rift Apart” in a few weeks.

Source: Bloomberg

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