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Sony has reportedly reduced its estimated PS5 production for its fiscal year by 4 million units, bringing the new total to around 11 million, following “production issues with its custom-designed system-on-chip. new console “.
As Bloomberg reported, Sony had increased orders with vendors in “anticipation of higher demand for games in the holiday season and beyond as people spend more time at home due to the coronavirus.” However, these manufacturing problems are causing “production yields as low as 50%” for its system-on-chip, which has hampered its ability to produce as many PS5s as planned.
Bloomberg sources mentioned that yields have been “gradually improving” but have not yet reached a stable level.
Shares of Sony fell as much as 3.5% on the news, which is their biggest intraday decline since August.
Daniel Ahmad, a senior analyst at Niko Partners, has stated that this production delay “will affect PS5 supply during 2021”, and Sony plans to use Air Freight to “meet demand this holiday and ship as many units as possible in the period of launching”.
Ahmad notes that “there will always be production performance issues, especially at the beginning of a console launch, although this seems more serious than expected.”
This news follows both Sony’s announcement of its PlayStation 5 Showcase event on Wednesday, September 16, as well as Microsoft’s revealing both the price and release date of the Xbox Series X and Xbox Series S.
We have yet to know the price and release date of the PS5, but now we know that Xbox Series X and Xbox Series S will cost $ 499 and $ 299, respectively. Bloomberg intelligence analyst Masahiro Wakasugi says the PS5 could be priced as low as $ 449, while the PS5 Digital Edition could possibly “fall below $ 400.”
If we know the price and release date of the PS5 this Wednesday, we’ll keep you updated with our PS5 pre-order guide.
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Adam Bankhurst is a news writer for IGN. You can follow him on Twitter @AdamBankhurst and on Twitch.
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