, Columnist
Sony's Chip Problem Is Ruining Its PlayStation Buzz
The Japanese giant didn’t need this headache ahead of the year-end holiday season.
A Covid opportunity is slipping out of control.
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Sony Corp. really didn’t need this. At a time when its collection of businesses, from movies to sensors, are all declining, the Japanese conglomerate had one bright spot on the horizon: a new games console. Now the company, and its investors, will need to wait a little longer for that fresh high.
Sony has been forced to cut its own estimate for PlayStation 5 production by more than a quarter, Bloomberg News reported. Problems manufacturing a custom chip commissioned for the new console means the company is unlikely to hit an earlier target of around 15 million units this fiscal year, according to the report.