Breaking News

Sony Sets Ambitious 2022 Target for PlayStation 5 Sales Despite Torrid 2021 Results

Sony just revealed its financial earnings report for the fiscal year 2021. And it didn’t show the expected outcome for the company that it initially aspired for a year ago. In terms of sales, the PlayStation 5 ended up selling less than what the manufacturer hoped for the product to perform.


Article continues below this ad

Going by numbers, the PlayStation 5 has sold 19.3 million units across the globe to date. Unfortunately, though, this is lower than what Sony was expecting previously. In fact, as per the company, it was hoping for the console to sell 3.3 million extra units, for a total of 22.6 million.


Article continues below this ad

Sony is still expecting a huge rise in PlayStation 5 sales for 2022

As is already known, the semiconductor chip shortage problem has made it very difficult for multiple companies to provide large stocks of electronic devices. The video gaming industry is also suffering from this crisis as well, especially during the time of the COVID-19 pandemic.

While there’s been a decline in supply (of gaming consoles) from other big giants like Nintendo and Microsoft, Sony is also going through this tough phase right now. As a result of that, it has hardly managed to produce the expected number of PlayStation 5 units.

This was clear to witness in the recently unveiled earnings report as well, for Sony’s fiscal year 2021.


What Does a ‘Single-Use Restricted’ PlayStation Mean? How Can Fans Acquire It?

3 months ago

In the report, it mentioned that PlayStation 5 sold around 3.3 million fewer units in the previous year. Simply put, Sony missed its targeted number of sales, which was expected to touch 22.6 million compared to 19.3 million, as revealed in the earnings report.

However, despite all these challenges and decline in sales, Sony is still hopeful for 2022 in terms of producing more PlayStation 5 units. In its latest financial report, it has estimated to ship 18 million units of the latest console for the coming fiscal year, which will end in March 2023. It means that the overall number of sold PS5s will double up in case this new projection turns out true.


Article continues below this ad

What are your expectations as a potential buyer of the PlayStation 5? Do you think Sony will be able to supply more of the present gen device moving forward in 2022?

WATCH THIS STORY: Top-Selling PlayStationXbox, and Nintendo Consoles of All Time


Article continues below this ad

Don’t forget to share your views. Let us know in the comments.


Go to the Source Link

About Admin

Check Also

Lenovo's new gaming laptops are more powerful and have big batteries

Lenovo’s new gaming laptops are more powerful and have big batteries

Today, Lenovo is announcing a pair of new 16-inch gaming laptops, the Legion 7/7i and …

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.