Sony refuses to make fewer PS5 consoles than planned

Sony is denying reports that it is initially making millions less PlayStation 5 gaming consoles than expected.

As per Bloomberg’s Monday report, the Japanese tech company is cutting production expectations by 4 million units and is expected to make about 11 million units by the end of March.

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Bloomberg initially reported that Sony planned to boost production to about 10 million units by the end of December.

The Tokyo-based company has since been running on manufacturing issues, however, according to the outlet.

The Verge noted on Tuesday that the PS5’s system-on-a-chip – or its core processing component designed with AMD – is called a special issue at hand. Bloomberg said that half of what was produced was not fit to ship, while that figure has improved, yields “have yet to reach a steady level”.

The changed figure is still above what Sony had planned for the launch of the PS5.

In April, Sony expected to produce 5 million to 6 million consoles by the end of March – less than this for the launch of the PS4 in 2013.

The anchor Security The last Change Change %
SNE Sony corporation 76.46 -1.26 -1.62%

But the coronavirus epidemic increased popularity in the gaming industry and Sony rapidly raised its estimates.

Its shares fell as much as 3.5% in the wake of the news – the largest intraday drop since August, according to Bloomberg.

However, a Sony spokesperson insisted on Bloomberg reporting.

“While we do not release details related to manufacturing, the information provided by Bloomberg is incorrect,” the spokesman said in a Tuesday statement. “We haven’t changed production numbers for the PlayStation 5 since the start of mass production.”

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Sony is scheduled to hold an online PS5 event on Wednesday, where the company will likely reveal the final price and release date for the gaming console. The PS5 comes in two variations: one with a disk drive and one without it.

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