GIVEAWAY: TEAMGROUP T-Force VULCAN Z SATA III SLC 2TB SSD, two up for grabs!

Sony does not plan to ship 80 million PlayStation 5s this year

A significant transcription error says that Sony wants to ship 80 million PlayStation 5 consoles by the end of March 2023.

Published Aug 3, 2022 1:46 PM CDT   |   Updated Thu, Aug 25 2022 11:07 AM CDT
1 minute & 15 seconds read time

A simple transcription error has led to substantial inaccuracies in Sony's hardware production forecast.

Sony does not plan to ship 80 million PlayStation 5s this year 5

A user on Seeking Alpha has diligently transcribed Sony's recent Q1'22 earnings call to investors, and for the most part the transcription is accurate. However sometimes there's little mistypes and sometimes these errors can have big consequences. Case in point: According to the transcription, Sony CFO Hiroki Totoki said there was "no change" to ship 80 million PS5s by FY23's end.

This was a simple error. Totoki said 18 million, not 80 million. The latter is simply impossible even without COVID-19 restrictions in place. Sony plans to ship 18 million PS5s through FY23, which is the single largest shipment target in PlayStation console history.

Sony does not plan to ship 80 million PlayStation 5s this year 34

If Sony is able to hit its lofty shipment target, PS5 shipments would hit 37.3 million by March 2023 (Sony has shipped 2.4 million PS5s in FY23 so far, leaving 15.6 million consoles left). That's less than half of the 80 million mark that was previously reported...and it is still less than the highest point set by the PS4.

"At this point in time, we have made no change to our 18 million unit sales forecast for PS5 hardware in FY22, but since we are seeing a recovery from the impact of the lockdown in Shanghai and a significant improvement in the supply of components, we are working to bring-forward more supply into the year-end holiday selling season," Totoki said in the earnings report.

Buy at Amazon

Call of Duty: Modern Warfare II

TodayYesterday7 days ago30 days ago
$89.98$95.48$69.99
* Prices last scanned on 12/9/2022 at 11:52 am CST - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.
NEWS SOURCE:seekingalpha.com

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

Newsletter Subscription

    Related Tags

    Newsletter Subscription
    Latest News
    View More News
    Latest Reviews
    View More Reviews
    Latest Articles
    View More Articles