Stock PS5: Sony has enough chips to meet its 2021 sales target

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The semiconductor crisis worries investors in big tech companies. Sony Interactive Entertainment has confirmed this Wednesday to its shareholders, on the occasion of the presentation of quarterly results (Q1 / FY2021) that have enough chips insured to meet distribution targets for PlayStation 5 this fiscal course.

After signing the best first quarter of a fiscal year (Q1, from April to June) in its history, the uncertainty in the absence of components requires securing materials in the face of a possible prolongation of the current lean period. Hiroki Totoki, CFO of the company, maintains its distribution forecasts between now and March 31, 2022, when the current fiscal year ends.

The forecasts, which have not been revised, maintain the objective of dispatching 14.8 million PS5 in the course of 2021 (from April 1, 2021 to March 31, 2022), which would give a total of 22.6 million units of the PlayStation 5 family of consoles at the end of this year. Taking into account that during the first quarter they have shipped 2.3 million units adding both models (PS5 and PS5 Digital Edition), Sony has reserved, approximately, 12.5 million chips, which are those that correspond to the remaining nine months of the FY2021 course.

The semiconductor crisis will last until 2022

The semiconductor crisis is far from over. Last April we learned that Foxconn, the largest manufacturer of electronic components in the world, predicts that this crisis of semiconductor materials will last until the second quarter of 2022. To make matters worse, last May it was Sony that expressed its fear of this lack of units until 2022.

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PlayStation 5 has sold 10.1 million units as of June 30, a distribution that places it as the fastest-selling console in history, reaching its first 10 million. The rhythm is equivalent to that of PS4 in his day, which already exceeds 116.4 million consoles.

Via | VGC

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