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Want a PS5? Too bad, it’s going to be nearly impossible to get one

Sony’s cutting its production projections by around 1 million consoles.

playstation 5 console and controller
Image: Sony

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UPDATE 1/9/2023 9:16 AM ET: PlayStation 5 availability has improved over the six months, but now Sony has stated that buyers should have an even easier time getting one in 2023. Dive deeper: Sony says getting a PS5 should be easier in 2023

It’s going to continue to get harder and harder for gamers to find a PS5 in the coming months. Sony has had to reel back its original projections for this fiscal year and it will actually produce 1 million fewer units than it had previously hoped.

According to a new report from Bloomberg, the gaming giant has reduced its projections from more than 16 million units produced in the fiscal year ending in March down to right around 15 million total units. Sony will have a hard time reaching its 14.8 million PS5 goal that it had projected for this year due to these production limits.

READ MORE: Sony says getting a PS5 should be easier in 2023

Like just about every other industry in the world, the reason for this production slowdown is directly related to a lack of supply. The overwhelming shortage of computer chips has been affecting industries around the world for more than a year at this point. Everything from video games to car manufacturers has been affected by the shortage.

Sony’s struggle in producing the PS5 runs right alongside similar struggles from other video game companies. Nintendo just slashed production of its Switch consoles in a similar way to Sony and Valve has just announced that it is having to push back the launch of its new Steam Deck handheld gaming PC.

READ MORE: The PS5 and Nintendo Switch will still be hard to come by in 2022

This is an unfortunately tough blow for Sony and the PlayStation 5. The latest console has been an absolute beast, becoming Sony’s best-selling console of all time at one point. But it looks like those numbers are starting to settle, not because of lack of interest, but because the company can’t produce enough consoles to meet customer demand.

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Staff writer at KnowTechie. Alex has two years of experience covering all things technology, from video games to electric cars. He's a gamer at heart, with a passion for first-person shooters and expansive RPGs. Shoot him an email at alex@knowtechie.com

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