According to Bloomberg News, Sony Group Corp (6758.T) has lowered its PlayStation 5 manufacturing forecast for this fiscal year due to component and logistics difficulties.
According to the article, which cited sources familiar with the company’s operations, the corporation has reduced the amount of PS5 units built for the fiscal year to around 15 million, down from its original target of 16 million units. The news comes amid a global chip scarcity that is affecting companies such as Sony. Sony did not respond to a request for comment.
During the peak of the COVID-19 pandemic last year, gaming companies’ earnings were harmed by stay-at-home demand. As the firm approaches the year-end shopping season, Sony’s finance head Hiroki Totoki claimed that the company’s dropping PlayStation user numbers have stabilized since then.
Sony is teaming up with Taiwan Semiconductor Manufacturing Co (2330. TW) (TSMC) to establish a $7 billion semiconductor factory in Japan. According to a press release from the firms, construction on the factory, which will supply semiconductors to Sony’s image sensor division, will begin in 2022 and production will commence at the end of 2024.
