Sony Is Optimistic About Hitting PS5 Sales Targets This Fiscal Year

Sony seems optimistic about hitting its FY21 sales targets, despite failing to do so in the first half of the fiscal year.

Posted By | On 28th, Oct. 2021

ps5

In a recent earnings call, Sony executive deputy president and chief financial officer Hiroki Totoki has revealed that the company will most probably be able to hit its sales targets for FY21. As reported by VGC, Totoki also admitted that sales for FY21’s first half were less than expected, but stated that this is due to the global semiconductor shortage as well as the disruption in global logistics.

He said, “Worldwide, there is a disruption in logistics, and mainly semiconductor device supply being constrained, and this is having a larger impact [than expected], and as you know, the hardware sales in the first quarter were less unit wise and so this is having an impact on us, and likewise for the second quarter.

“But I think that with our efforts and putting in place different measures, the PS platform momentum can be maintained, and especially to the users who are waiting for the PS5, we want to be able to supply as many PS5s as possible to our customers who are waiting – that is our thinking.”

Totoki went on to say that even though Sony is still facing various issues with the supply and distribution lines, the company is still sticking to its sales targets. He said: “At this time, there is no change to our FY21 unit sales target for PS5 hardware, but several factors are significantly impacting the supply of the product such as disruption of the global distribution supply chain and limitations on the supply of components, especially semiconductors.

“In the second year of PS4, it was 14.8 million units [shipped] and we were targeting to exceed this number and we have not changed this target.”

Sony also recently revealed that PS5 had sold 13.4 million units in its lifetime. Sales are stronger than that of the PS4, and almost every console that the Japanese giant manufactures sells instantaneously. It has, in fact, been the fastest selling console in the company’s history.


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