Sony Denies PS5 Production Cuts & Share Price Rises Again
Sony has denied that there are problems with the production of the PS5. At the same time, the company’s share price rose to its previous level after Bloomberg’s reporting caused a significant fluctuation.
Yesterday, the site Bloomberg spread the rumor that the planned production number of the PS5 will have to be revised downwards significantly this year. The reason is problems with the chips, which would lead to a reduced production forecast. Instead of 15 million consoles, only 11 million copies could be produced this year.
The Bloomberg report apparently had a significant impact on Sony’s share price, which fell within a few hours. The temporary fluctuation made it clear how sensitively investors react to possible delivery problems shortly before the PS5 introduction.
Sony’s share price rose again, for a simple reason: The company denied the Bloomberg report and pointed out that the planned production volume has not changed for a long time.
Sony confirmed the same with Games Industry: “While we do not release details related to manufacturing, the information provided by Bloomberg is false,” reads the statement. “We have not changed the production number for PlayStation 5 since the start of mass production.”
It is still unclear when exactly the PS5 will be launched and what price customers will have to pay. We’ll probably know about it tonight, because the next showcase starts at 1 PM Pacific Time. If the latest rumor turns out to be true, then the PS5 will be sold cheaper than expected.