Sony cuts PlayStation 5 production outlook due to component snag: Bloomberg News

Sony Group Corp has reduced its PlayStation 5 production outlook for this fiscal year due to component and logistics constraints, Bloomberg News reported on Wednesday.

The company has cut down the number of PS5 units assembled for the fiscal year to about 15 million, from its previous target of 16 million units, the report added, citing people familiar with its operations.

The development comes amid a global shortage of semiconductors which is impacting companies including Sony. Sony did not immediately respond to Reuters request for comment.

In October, the conglomerate – spanning areas such as entertainment, sensors and financial services – said it was on track to sell 14.8 million PS5 consoles this financial year, a target that takes into account the global shortages.