Sony Misses PlayStation 5 Sales Targets Due to Component Shortages

Sony revealed during a recent earnings call that they had shipped 19.3 million PlayStation 5 consoles worldwide since release which is 3.3 million units less then they had expected. This shortfall can be attributed to the difficulties Sony faced in acquiring all the necessary components however the company expects shipments to increase next financial year with a target of 18 million units. Sony also noted that game sales for the PlayStation 4 and PlayStation 5 reached 14.5 million in the last quarter compared to 7.9 million the previous year. The companies PlayStation Plus service saw a loss of 200,000 subscribers down to 47.4 million in March 2022 from 47.6 million in March 2021 while active monthly users also dropped from 109 million to 106 million.