• Loading stock data...
Sunday, April 27, 2025

Sony Responds to PS5 Shortage with More PS4s

  • PlayStation 5 game consoles have been extremely hard to find.
  • Sony has devised a solution by continuing production of its PlayStation 4.
Sony-Playstation-4
Design: Alex Brooks

Since its November 2020 release, PlayStation 5 consoles have been extremely difficult to find, but Sony has a (widely-criticized) answer: continuing production of its PlayStation 4.

Sony planned to discontinue production of the PS4 at the end of 2021, but limited availability of the PS5 due to supply chain constraints and the semiconductor shortage has forced the Tokyo-based company to change course.

  • The PS5 has sold 13.4 million units globally since its release, making it the fastest-selling console in Sony’s history, despite the shortage.
  • Sony lowered its full-year production forecast for the PS5 to 15 million units by March 2022, down from 16 million.
  • The company previously had a target of 22.6 million PS5 units sold in the next fiscal year.

Rival Takes Different Approach

Microsoft is no longer manufacturing any versions of the Xbox One to focus on the production of its Xbox Series X|S consoles, which also hit the market in November 2020.

The Washington state-based company doesn’t disclose exact hardware sales figures but estimates suggest that over 12 million Xbox Series X|S consoles have been sold.

On Monday, Head of Xbox Phil Spencer told The New York Times the consoles were Microsoft’s fastest-selling ever.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

July 9, 2009; Auburn Hills, MI, USA; Detroit Pistons president Joe Dumars during the press conference to introduce their new head coach John Kuester at their practice facility.

Joe Dumars Leaving NBA League Office to Run Pelicans

Joe Dumars was the architect of the 2004 champion Pistons.
Mar 20, 2025; Providence, RI, USA; Arkansas Razorbacks forward Karter Knox (11) controls the ball against Kansas Jayhawks during the first half at Amica Mutual Pavilion.

Men’s March Madness Sets Opening-Day Viewership Record

CBS Sports and TNT Sports scored big with Arkansas–Kansas.

Callaway’s LIV Deal Shows How Much Golf Has Shifted

The company has signed a first-of-its-kind club contract.
Teammates embrace during matchup in The Hundred cricket league

Google, Microsoft, Adobe CEOs Buy Stakes in Cricket League

The England and Wales Cricket Board raised £520m by selling team stakes.

Featured Today

Apr 13, 2025; Tampa, Florida, USA; Tampa Bay Rays center fielder Jake Mangum (28) scores a run against the Atlanta Braves in the sixth inning at George M. Steinbrenner Field.

The Rays Groundskeepers Are Adjusting to Life Outside the Dome

After nearly three decades in a dome, Tampa groundskeepers were forced outside.
April 25, 2025

The Former NBA Agent Who Became a Pickleball Deputy Commissioner

Chris Patrick went from representing Jimmy Butler to pickleball deputy commissioner.
Apr 5, 2025; San Antonio, TX, USA; Duke Blue Devils forward Cooper Flagg (2) reacts after a three point basket against the Houston Cougars during the first half in the semifinals of the men's Final Four of the 2025 NCAA Tournament at the Alamodome.
April 21, 2025

Cooper Flagg’s Timing Is Perfect for the NBA and USA Basketball

The projected No. 1 pick just declared for the draft.
Apr 14, 2025; New York, New York, USA; Paige Bueckers is interviewed by ESPN after being selected with the number one overall pick to the Dallas Wings in the 2025 WNBA Draft at The Shed at Hudson Yards
April 21, 2025

ESPN’s WNBA Coverage Mirrors the League’s Stunning Growth

“I don’t think we stand still in our coverage of women’s sports,” says Rowe.

FanDuel Retains Sports Betting Crown With $14B in 2024 Revenue

The FanDuel parent company posts big increases in revenue and net income.
DraftKings app
February 14, 2025

Lawsuit Says DraftKings VIP Program ‘Preyed On’ Gambling Addicts

The company’s being sued for negligence and intentional infliction of emotional distress.
February 20, 2025

Americans Bet $148 Billion on Sports in 2024, Up 23.6%

Both overall handle and revenue rose by more than 20% last year.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

This week, Two-time Super Bowl Champion and CBS NFL analyst Logan Ryan joins us to talk the business of sports on our third installment of Portfolio Players.
August 20, 2024

Beloved ‘Backyard Sports’ Brand Says It Will Relaunch After Decade Hiatus

“Backyard Baseball” was a turn-of-the-century computer hit. 
DraftKings
August 2, 2024

DraftKings Announces Consumer Tax Starting Next Year

The company’s stock fell 5% Friday morning.
July 24, 2024

The Perfect Storm Propelling ‘EA Sports College Football’ to Early Success

Growing fandom and a long wait have already reaped dividends for EA.
July 20, 2024

The Road to the Return of ‘EA Sports College Football’

This summer, the biggest development in college sports is virtual.