• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, July 12, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Gaming

Sony Has Secured Enough Components To Hit The 22 Million PlayStation 5 Sales Goal

by Priyansh Sidhwani
August 4, 2021
in Gaming, News
Reading Time: 3 mins read
0
Sony Has Secured Enough Components To Hit The 22 Million PlayStation 5 Sales Goal
TwitterWhatsappLinkedin
Sony Has Secured Enough Components To Hit The 22 Million PlayStation 5 Sales Goal
Credit @ Sony PlayStation

The CFO of Sony has confirmed that the company has enough semiconductors to sell 14.8 million PS5s in the current fiscal year which would mean sales of 22 million if the target is met. Sony hopes that shipments of the PS5 Digital Edition console to its customers will surpass 14.9 million PS4s shipped at the same stage of console lifecycle as in FY2014 between April 2021 and March 2022. The PS5 will sell eight million units by the end of fiscal 2021 and two million more under the assumption that Sonya’s CFO plans to sell an additional 12 million units over the next eight months, and the company has secured the funds to make this a reality.

You might also like

Castrol India Wins ₹4,131 Crore Tax Dispute Against Maharashtra Sales Tax Department

Brazil President Lula Says Country Can Survive Without US Trade Amid Trump’s Tariff Threat

France Launches Criminal Probe into Elon Musk’s X Over Algorithm Manipulation Allegations

The PlayStation 5 is the Next-Gen console developed by Sony. It was released as part of the ninth generation of video game consoles along with Microsoft’s Xbox X and S series consoles in the same month. It’s a notable success for the supply-constrained PS5 that Sony introduced during the pandemic. The console launch late last year was plagued by stock problems, yet the company managed to move 10 million units in record time.

Sony Has Secured Enough Components To Hit The 22 Million PlayStation 5 Sales Goal
Credit @ Sony PlayStation

The company has hinted that it could produce even more units in 2021 after securing additional component inventories from its main manufacturing partners. Assuming demand sells well, that’s a big demand for enough components to make 22.6 million consoles, but Sony says that won’t be a problem. Having already passed the 10 million mark, Sony aims to sell 22.6 million consoles by the end of the next fiscal year in March 2022. The main problem that is at Sony’s table right now is that the total demand for the PlayStation 5 totally exceeds its supply, leaving many players unable to get their hands on the next-gen console.

We have already established that Sony does not have all the parts it needs to produce enough for the PS5. Sony and Microsoft’s consoles have been selling at a loss since their consoles were launched, making money from peripheral sales and game licensing services such as PlayStation Now. They do not compete with each other for access to these parts, but they compete with companies that sell semiconductor devices such as PCs and mobile phones.

Sony’s $499 PS5 Is No Longer Selling At A Loss
Credit @ Sony PlayStation

This comes in handy for Sony Direct, the official PlayStation Store, which hasn’t had a proper virtual queue – or at least one that means PS5 consoles are out of stock. On Sony’s website, in a rare instance, the PS5 is sold via a virtual queue, a system notorious for consumers forming long virtual queues for hours before being told that the console is sold out. Experts suggest that scalpers can snap up the consoles on release day before the Xbox drops them off, giving holidaymakers a tasty profit. If looking at the stats the PlayStation 5 became the fastest-selling console in US history in terms of dollar and unit sales as well as total sales in just five-month of its release.

A two-year feedback cycle was introduced by the head of the PlayStation console department when the PlayStation 4 was launched. This included visiting Sony’s first-party developers two years apart to hear their concerns about the shortcomings of the current Sony hardware, how the hardware could be improved when the console is refreshed for the next generation. While Sony’s definition of a console as a separate generation can be interpreted as an epochal shift, PS5-exclusive games use the console capability to bring out intergenerational games that can be played on any PlayStation console.

Sony Has Secured Enough Components To Hit The 22 Million PlayStation 5 Sales Goal
Credit @ Sony PlayStation

If you have made up your mind that you want a PS5, Sony is actually trying very hard to battle the demand problem and has got its act together and the market is currently being getting new waves of PS5 restocks on eBay. Sony’s PS5 is available any day at retailers such as Best Buy, GameStop, and Sony’s own PlayStation Store, where the console is replenished.

 

Tags: 22 Million PlayStation 5 SalesPlaystationPS5
Tweet54SendShare15
Previous Post

Sony’s $499 PS5 Is No Longer Selling At A Loss

Next Post

Everything To Know About Warhammer 40K: Darktide

Priyansh Sidhwani

Hi! I'm Priyansh, I write articles about gaming news here at Techstory. To get in touch E-mail: [email protected].

Recommended For You

Castrol India Wins ₹4,131 Crore Tax Dispute Against Maharashtra Sales Tax Department

by Rounak Majumdar
July 12, 2025
0
Castrol India Wins ₹4,131 Crore Tax Dispute Against Maharashtra Sales Tax Department

Castrol India Limited has emerged victorious in a high-stakes legal battle with the Maharashtra Sales Tax Department (MSTD), securing a favorable verdict from the Customs, Excise & Service...

Read more

Brazil President Lula Says Country Can Survive Without US Trade Amid Trump’s Tariff Threat

by Rounak Majumdar
July 12, 2025
0
Brazil President Lula Says Country Can Survive Without US Trade Amid Trump’s Tariff Threat

A major diplomatic rift has erupted between Brazil and the United States after President Donald Trump announced a sweeping 50% tariff on Brazilian imports, effective August 1. The...

Read more

France Launches Criminal Probe into Elon Musk’s X Over Algorithm Manipulation Allegations

by Anochie Esther
July 12, 2025
0
X

Elon Musk’s social media platform, X (formerly Twitter), is now facing a criminal investigation in France over serious allegations of algorithm manipulation for the purposes of “foreign interference.”...

Read more
Next Post
Everything To Know About Warhammer 40K: Darktide

Everything To Know About Warhammer 40K: Darktide

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?