Japan’s Sony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London.
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Sony has slashed the full-year sales forecast for its PlayStation 5 console amid weaker-than-expected holiday sales.
Sony is seeing strong momentum for its PlayStation 5 console, with lifetime sales exceeding 50 million units.
Sony is hiking the price of its PlayStation 5 games console in markets including South Africa following economic pressures.
Japan’s Sony Group on Wednesday posted a 32% rise in third quarter operating profit, smashing analyst estimates.
Sony has reduced its PlayStation 5 production outlook for this fiscal year due to component and logistics constraints.
Sony has warned that the PlayStation 5 will remain in short supply into next year, suggesting the company will be constrained in its ability to boost sales targets for its latest games console.
Sony is roughly doubling its PlayStation 5 production to 10 million units this year as it sees the prolonged effects of the Covid-19 pandemic boosting demand for gaming.
Sony has unveiled its forthcoming PlayStation 5 and a raft of titles set to land on the next-generation console.
Sony plans to produce far fewer units of its upcoming PlayStation 5 in its first year than it had for the previous-generation console’s launch, according to people familiar with the matter.