Sony denies reports that they earn millions fewer PlayStation 5 game consoles than originally expected.
According to a Monday report from Bloomberg, the Japanese technology company is cutting its expectations for production by 4 million units and expects to produce around 11 million units by the end of March.
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Bloomberg had originally reported that Sony planned to increase production to around 1
The Tokyo-based company has since gotten into manufacturing trouble, according to the outlet.
The Verge noted on Tuesday that the PS5’s system-on-a-chip – or its core processing component designed with AMD – is said to be the particular problem at hand. Half of the parts produced were not suitable for shipment, and although the number has improved, yields “have not yet reached a stable level,” Bloomberg said.
The changed figure is still significantly above what Sony is said to have planned for the launch of the PS5.
In April, Sony expected to produce 5 million to 6 million consoles by the end of March – less than it had done for the launch of the PS4 in 2013.
However, due to the coronavirus pandemic, the gaming industry boomed in popularity, and Sony’s estimates increased sharply.
Its shares fell as much as 3.5% in the wake of the news – the biggest intraday decline since August, according to Bloomberg.
However, a spokesman for Sony pushed back on Bloomberg’s reporting.
“While we do not release details related to manufacturing, the information from Bloomberg is false,” the spokesman said in a Tuesday statement. “We have not changed the production number for PlayStation 5 since the start of mass production.”
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Sony is scheduled to hold an online PS5 event on Wednesday where the company is likely to reveal the final price and release date for the game console. The PS5 comes in two variants: one with a disk drive and one without it.