Sony lowers PlayStation 5 sales forecast again due to chip shortage

Sony is still fighting to make enough PlayStation 5 consoles to meet demand. During its key holiday fiscal quarter, it shipped 3.3 million units for a total of 17.3 million units since launch, the company said in a statement. income statement. That’s significant behind 20.2 million units PS4 has managed at the same point in its life cycle.

As a result, Sony reported revenue of 813.3 billion yen ($7.09 billion) for its games division, down from 883.2 billion yen ($7.703 billion) year-over-year. However, operating profit rose 12.1% to $810 million, as Sony actually lost money on every PS5 console sold.

Sony CFO Hiroki Totoki said in a Analyst webcast that people wanted to buy a PS5 console, but partners could not provide components due to persistent chip shortages. Sony expects that situation to continue next year, meaning the PS5 may not be any easier to get, especially in the first half of 2022.

Sony has lowered its forecast for PS5 shipments for the fiscal year to 11.5 million units, down from 14.8 million units. As a result, it reduced its full-year revenue estimate for its Games & Network Services (G&NS) division to 170 million yen ($1.48 billion). At the same time, it projects a profit of more than 6% despite lower game sales, thanks to the aforementioned unprofitable consoles.

Sony’s gaming division was the biggest money maker, accounting for about a quarter of total revenue and profit this quarter. However, its imaging division also performed well in the fiscal third quarter, with revenue up 22% year-on-year, thanks to sales of high-end smartphone image sensors. Meanwhile, its film division saw a huge jump in revenue to $4.02 billion due in large part to the success of its film franchise. Spider-Man: There’s no way home.

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