PS5 console availability to remain scarce into 2022
Sony warned analysts it could struggle to meet demand for another year as it struggles with the global chip shortage.
Your chances of easily picking up a PlayStation 5 console at retail are going to remain low for the foreseeable future. According to a new Bloomberg report, Sony has warned some analysts that the company is unable to offer boosted sales targets for 2021 because PS5 consoles will remain in scarce supply through 2022.
The Blomberg report says this information was shared with analysts in a briefing that followed the releases of Sony’s Q1 earnings report on April 28. Sony Chief Financial Officer Hiroki Totoki explained, “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.”
Like most of the world, Sony is also dealing with the fallout from the ongoing glocal chip shortage. While the company was able to move more than 7 million PS5 consoles since the November 2020 launch window, it doesn’t expect that number to be much higher than 15 or 16 million units by the end of 2021. In normal circumstances, ramping up production to meet unprecedented demand would be an option, but the last year has been anything but normal.
Sony stock was riding high following the COVID-affected year of 2020 when millions of people purchased electronics for in-home entertainment. Following a failure to meet analyst expectations for reporting profit in Q1 2021, the stock took a small dive. Sony announced plans to buy back $1.8 billion USD worth of its own stock after the Q1 2021 earnings report. Maintaining the strong numbers it saw in 2020 will be difficult for Sony as it navigates through 2021.
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replyChris Jarrard posted a new article, PS5 console availability to remain scarce into 2022
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Fuuuuuck. :(
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Three of my four friends wanting a PS5 got theirs in the last month. Though they've been relying on multiple people keeping an eye out for them or someone who manages to buy them online (none of them use bots).
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I didn't say it was easy, I said it was effort. :)
I see drops at least twice a week on @wario64, and that's more of a general account than one focused just on drops. There are several Twitter accounts and Discord servers I don't follow that are just focused on drops, I'd follow those and roll the dice whenever notifications pop up-
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^^this is what I did for my XSX, which admittedly are easier to find - but not much easier.
Don't believe me? Go try to buy one right now.
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We're having a heck of a time in spite of using Twitter, Discord and certain websites to get drop alerts.
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Ps 5 for sure
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Buddy of mine just today managed to snag a 3080, lucky git.
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Sounds good. Waiting for the Slim. No games I really care about at the moment anyway that I cant play later.
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