Thursday, May 28, 2026

Sony Cuts PS5 Production Outlook

  • Sony has lowered its full-year production forecast for the PlayStation 5.
  • The company expects to assemble 15 million units by March 2022, down from 16 million.
playstation_5_and_controller
PlayStation/Design: Alex Brooks

Today is the one-year anniversary of the PlayStation 5’s release, and it’s still extremely difficult to get your hands on one. That won’t be changing any time soon.

Sony, like many other tech companies, is suffering from supply chain issues and the semiconductor shortage. In turn, it’s lowered its full-year production forecast for the console to 15 million units by March 2022, down from a previous target of 16 million.

Despite the setbacks, the PS5 has sold 13.4 million units globally since November 2020, making it the fastest-selling console in Sony’s history.

Still, the company’s target of 22.6 million units sold in the next fiscal year may prove unattainable with such limited stock.

  • Last month, Nintendo lowered its full-year sales forecast for the Switch by 6%.
  • This week, Valve delayed its release of the Steam Deck, a handheld gaming PC, by two months to February 2022.

Sony posted $21.5 billion in revenue in fiscal Q2, a 13% increase year-over-year. The Game & Network Services segment saw sales jump 27% to $5.7 billion.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jan 18, 2026; Foxborough, MA, USA; Houston Texans defensive end Danielle Hunter (55) retrieves a fumble in the first half against the New England Patriots in an AFC Divisional Round game at Gillette Stadium.

NFL Wants ‘Hardest Problem in Sports’ Solved in 5 Years

Virtual first-down measurements debuted this season.

NFL’s New Headsets Are Designed to Survive Coach Tantrums

New NFL coaching headsets underwent “extensive drop testing.”

Electronic Arts’ Layoffs Signal Ongoing Evolution, Struggles

The company is set to make a second major round of staff cuts in the last year.
Sony-Playstation-Demo-Booth

Sony to Lay Off 900 From PlayStation Team After Missed Sales Target

Cuts come amid a tough stretch for the gaming industry.

Featured Today

Apr 6, 2026; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) walks to the on deck circle during the game against the Texas Rangers at Globe Life Field

Why Ballparks Are Louder Than Ever

Some stadiums sound like veritable nightclubs. How did we get here?
May 24, 2026; Evanston, IL, USA; Northwestern Wildcats attack Kathryn Ratanaproeksa (13) shoots against the North Carolina Tar Heels during the first half at Martin Stadium
May 26, 2026

Can Women’s Lacrosse Buck the Trend in College Sports?

The sport is fighting to prove its worth in the revenue-sharing era.
May 22, 2026

Big Money on the Line on Premier League’s Final Day

Arsenal has won the title, but millions are still at stake.
Texas State mascot
May 22, 2026

Mascot-Reveal Videos Are the Newest College Sports Tradition

Student mascot unmasking videos are going mega-viral.

Thunder Favored, but Bettors Backing Pacers Big in NBA Finals

The most bet-on exact series outcome is the Thunder winning in five.
Fanduel
March 4, 2025

FanDuel Retains Sports Betting Crown With $14B in Revenue

The FanDuel parent company posts big increases in revenue and net income.
May 8, 2025

FanDuel Misses Projections As Betting Favorites Dominate

FanDuel is hit by customer-friendly betting outcomes during March Madness.
Sponsored

The Hidden Economy of Race Weekend

Learn more about the Vintage Flying Museum and how Spectrum Business is helping them achieve their business goals while fueling their dreams.
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.
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.
August 20, 2024

Beloved ‘Backyard Sports’ Brand To 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.