In their latest earnings call with investors, Sony revealed they are lowing their expectations on how many Playstation 5 units will be sold during its next financial year. The company originally planned on selling 22.6 million units, but has now lowered that number to 18 million with their reasoning being the ongoing chip shortage affecting the entire electronics industry.
Hiroki Totoki, Executive Deputy President and CFO, said during the call:
“We do have a good feel about how to procure the components and parts, but going forward, for example, the situation of the pandemic in China — if it worsens going forward and if the lockdowns will expand further, then that will have a possibility of affecting the protection and that can be a downside risk.”
“However, this will not happen overnight. So for us, we need to be proactive, have a focus and take appropriate measures.”