Sony lowers its PlayStation 5 sales projections as the chip shortage continues to bite

Sony now expects to sell 3.3 million fewer PlayStation 5 consoles than expected this year

Sony lowers its PlayStation 5 sales projections as the chip shortage continues to bite

Sony's going to sell fewer PlayStation 5 consoles than expected in 2022

During the company's Q3 2021 earnings report, Sony has confirmed that they now expect to sell fewer PlayStation 5 consoles than expected, citing supply chain issues. 

Previously, Sony expected to sell 14.8 million consoles during this financial year, but now Sony believes that only 11.5 million consoles will be sold this year. This drop in sales expectations is not due to a lack of demand, but a lack of supply. Sony is able to sell every PlayStation 5 system that they produce, but the console maker is unable to create enough systems to meet demand. 

At the end of 2021, Sony confirmed that they had sold 17.3 million PlayStation 5 systems, roughly three million fewer consoles than their PlayStation 4 system at the same time in its life cycle. While this looks like bad news for Sony, it is worth noting that most of the company's PlayStation exclusive titles are cross-generation PS4/PS5 titles, which means that Sony should not lose many game sales as a result of their PlayStation 5 production shortfall.

Demand for Sony's next-generation console remains strong, but the COVID-19 pandemic has created a situation where chipmaking capacity is limited and other semiconductor products are in short supply. Frankly, there isn't much that Sony can do to increase their console manufacturing capacity, at least in the short term. 

Sony lowers its PlayStation 5 sales projections as the chip shortage continues to bite

Over a year after the system's launch, Sony's PlayStation 5 console remains unavailable at most retailers. All new stock of the console is sold incredibly quickly and it is practically impossible to simply walk into a retailer and buy the system. Even now, Sony's PlayStation 5 is frequently sold at eBay and other second-hand retail websites at prices above Sony's MSRP for the system. 

You can join the discussion on Sony lowering its sales projections for their PlayStation 5 console on the OC3D Forums.

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