Sony is selling a lot of PlayStation 5s, but it may be some time before the console hits its true sales potential. The company has reportedly warned analysts that the PS5 will remain in short supply all the way through 2022, hindering future buyers and its own potential sales, according to a Bloomberg report.
Sony sold 7.8 million units through March 31 and projects it will sell around 14.8 million by the end of its current fiscal year. Sky-high demand means it could sell more, but can’t keep up with supply due to shortages of chips and other components. And like other industries that depend on semiconductors, Sony can’t provide an estimate for when that situation will improve.
“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.
Sony isn’t the only console maker with supply problems, as Nintendo also warned about component shortages last week despite a blockbuster sales quarter. For Sony, the situation isn’t ideal as it can’t to fully capitalize on the successful launch of the PS5 while buyers are still excited. On top of that, with the pandemic rules slowly easing, folks may not be stuck at home with nothing else to do.