Following a similar move by Nintendo, Sony has cut the number of PlayStation 5s it plans to manufacture by about one million this year.
Bloomberg reported that Sony initially plans to manufacture 16 million PS5s between April 2021 and March 2022, the limits for the current fiscal year. The company has now reduced that number to 15 million, largely due to manufacturing issues, supply chain slowdowns and chip shortages. Sony previously said publicly that it plans to sell 14.8 million PS5s this fiscal year.
While Sony plans to sell 22.6 million PS5s in the next fiscal year, which begins in April 2022, manufacturers have reportedly considered this to be overly optimistic. Many expect the chip shortage and supply chain issues to continue into the next year and potentially remain a factor in manufacturing for some time.
The biggest problem is the delivery of parts, according to Bloomberg and The Verge. Chip shortages mean component delivery dates are not being met and the struggle to distribute COVID-19 vaccines around the world has caused problems for some manufacturers.
These are the same issues that are causing problems at Nintendo, where the company is expected to manufacture 20% fewer Switch consoles in the same fiscal year. Valve recently delayed their Steam Deck until February, citing the same manufacturing issues. Chip shortages are also wreaking havoc in the automotive and computer component industries, causing the prices of cars and GPUs to skyrocket during the pandemic.