Sony PS5 Sales Cross 19 Million By Q1 2022, Chip Shortage Affecting Production

Sony’s latest earnings report reveals that the firm shipped 2 million PS5 consoles during the latest quarter of 2022. This brings up the overall sales to a whopping 19.3 million units.

Sony has shown a dismal performance this quarter compared to last year. During the same quarter in 2021, the company sold 3.3 million Play Station 5 units, thus registering a massive drop of 40 percent this year.

As with most electronic goods, dwindling sales could be chalked up to the semiconductor shortage and the ensuing supply chain issues. As Sony continues to struggle to keep up with the demand for the PS5, the shortage is speculated to go on even in 2022.

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The company sold 70.5 million Play Station 4 and Play Station 5 titles during the quarter. To compare, 61.4 million games were sold during the same period back in 2021. While digital downloads attributed to 71 percent of games sold, it was still less than last year’s share of 79 percent. Additionally, PlayStation Plus amassed a total of 47.4 million subscribers and 106 million monthly active users.

This year’s fiscal year’s sales sales rose by 3 percent year-on-year to 2 trillion 739.8 billion yen, and operating income increased to 346.1 billion yen. Sony claimed that this could be due to its latest PS5 model.

Sony aims to sell 18 million PlayStation 5 consoles this fiscal year. Hiroki Totoki, Sony’s chief financial officer said, “What I can say now is that we can procure enough components for 18 million units”. However, the company remains cautions and states that it may have to adjust the projected numbers in case of unpredictable situations such as lockdowns in China.