PGC NEWS

Sony has secured enough components to meet its ambitious target of selling over 22 million PlayStation 5 consoles by the end of the current fiscal year, despite the ongoing global semiconductor shortage. This announcement comes as welcome news for gamers who have struggled to purchase the highly sought-after console since its launch.

This confident statement was made by Sony’s Chief Financial Officer, Hiroki Totoki, during a recent earnings webcast. He explained that the company has implemented “various measures” to secure the necessary semiconductor supply and appears to have been successful. Totoki stated, “For PS5 and the number of units to be sold this year, we have set a goal. We have secured the number of chips needed to achieve that, and regarding the supply of semiconductors, we are not concerned.“

PS5 Consoles

Overcoming the Chip Shortage

Sony’s previously announced target for the fiscal year 2021 (April 2021 to March 2022) was 14.8 million PS5 units. Having already sold 2.3 million units in the first quarter, they needed to produce and sell another 12.5 million to achieve that goal. Reaching the 22 million mark signifies a cumulative total exceeding that initial target by a significant margin.

This achievement marks a significant milestone for Sony, as competitors and other technology companies continue to grapple with the semiconductor shortage, which has severely limited their production capacity. Achieving this production level demonstrates Sony’s commitment to meeting consumer demand and overcoming supply chain challenges.

A Historic Sales Target

The 22 million sales target holds historical significance for Sony. In 1998, the original PlayStation (PS1) sold 22.6 million units, a record for the Japanese corporation. This ambitious target for the PS5 suggests a determination to match or even surpass this historical benchmark.

If sales continue as projected, this would be a major win for Sony, particularly given the ongoing component shortages affecting the broader technology industry. This success underscores the enduring popularity of the PlayStation brand and the high demand for next-generation gaming consoles.

Increased Production Efforts Paying Off

Just three months prior, Sony had predicted that the PS5 shortage would persist into the following year. This recent announcement indicates a significant turnaround, suggesting that Jim Ryan’s promise of increased production efforts has yielded positive results. While demand is likely to remain high, the increased supply should alleviate some of the pressure on retailers and consumers.

This increased production capacity could significantly impact the gaming landscape, allowing more players to access the PS5 and its extensive library of games. It also positions Sony favorably against its competitors in the console market.

Conclusion: A Positive Outlook for PS5 Availability

Sony’s announcement of securing components for 22 million PS5 consoles is a significant development in the ongoing console shortage saga. This achievement reflects the company’s proactive approach to supply chain management and its dedication to meeting consumer demand. While challenges may remain, this positive outlook suggests that the PS5 will become increasingly accessible to gamers worldwide. This increased availability will undoubtedly boost Sony’s market share and further solidify the PS5’s position as a leading next-generation console.