We continue to see an ancient demand for PS5 and we understand that many of our customers’ difficulties are still the cause of frustration. Ryan acknowledged that the lack of inventory is a source of frustration. Rest assured that we are laser focused on doing all we can to ship most of the equipment, its something you work on every day across the company and remains the top priority for me. And as we navigate this unprecedented global challenge, we appreciate your patience. Ryan’s comments follow a recent Bloomberg report that claimed that Sony had to cut back its PS5 production forecast as component shortages continue to run down the consumer electronics and tech industries. The company apparently hoped to produce about 16 million consoles, but now settled for half a million. At the end of October, HirokiToki reportedly revealed this information privately to investors, citing the recent resurgence in the Covid-19 cases around the globe as winter approached. Nevertheless, the PS5 has finally become the fastest-selling console and is working together to reach sales targets. Despite the revised supply, it remains to be seen whether Sony will have to readjust its expectations. [Source: PS Blog]
