Part shortages are to blame
Sony Group Corp warned analysts that the PlayStation 5 will remain in short supply throughout 2022, according to a report by Bloomberg.
Due to shortages of chips and other components, Sony cannot provide a definitive answer for when the situation will improve. Last week, the console manufacturer’s rival, Nintendo warned of component shortages affecting production. Demand remains high, with Sony selling 7.8 through March and 14.8 million by the end of its fiscal year.
“I don’t think demand is calming down this year and even if we secure a lot more devices and produce many more units of the PlayStation 5 next year, our supply wouldn’t be able to catch up with demand,” CFO Hiroki Totoki reportedly told the analysts.
Looks like interested buyers will continue to have a long arduous journey in getting a PS5 in the immediate future.