After facing supply shortages that hampered operations earlier in the year, Sony says production of its PS5 console is back up as supply and logistics constraints eased over the past quarter.
Sony admitted in May that PS5 supply would likely not meet demand due to supply constraints. Now however, the company seems back on track.
The electronic maker produced 6.5 million PS5 units throughout the quarter, ahead of forecasts, Executive Deputy President and CFO Hiroki Totoki said during a Q2 earnings call.
Despite a price increase earlier in the year, the CFO said the company has seen continued strong PS5 demand. Sony now aims to exceed its FY22 forecast of 18 million PS5 units.
“In September, it took an average of 17.5 hours to sell out of 100 thousand units after their arrival,” Totoki said. “To meet this strong demand, we will do our utmost to bring forward supply into the year-end holiday selling season.”
PS5 production during the quarter was not significantly impacted by semiconductor and other parts shortages, according to Totoki, something that hampered its productivity earlier in the year.
"In the second quarter 6.5 million units, we are able to produce that amount, and sales of the PS5 have been according to the plan," he said. "And therefore, for the production, we are able to have a more speedy production."
The strength of PS5 demand puts the console on track to surpass the PS4, which the CFO said is Sony’s goal for the coming months.
“And so this is the challenge that we have set out for ourselves. So if we can manage 18 million this year, so we next year, do some 23 million-plus then,” Totoki told investors. And next year, we will be able to surpass PS4. So this will be the target for the time being.