Sony is also looking to broaden its library of games.
For about as long as the PlayStation 5 has been commercially available, it’s been a meme that nobody can get their hands on one. There is a kernel of truth to this; whenever retailers receive shipments of the console, they almost always sell out immediately, going to either prospective players wanting the console for themselves or resellers looking to flip the consoles on eBay. The lack of available PS5s means that it’s been harder for Sony to get new games into the hands of those who would actually play them.
In a recent investor briefing, Sony announced that, as supply chain issues worldwide have begun to subside slightly, they can start ramping up production of PlayStation 5 consoles in order to properly meet the high demand. The company cites the supply chain problems for the lack of consoles, as they’ve been having difficulty securing the necessary parts for manufacture. In order to mitigate any potential future problems, Sony will also begin sourcing their parts from multiple suppliers around the world.
As component shortages, which has roiled the electronics industry, continue to ease, Sony plans to ramp up production of its PlayStation 5 console and broaden its games portfolio to include more titles on PC and mobile https://t.co/VqFgHqSMkT pic.twitter.com/ub8oks8prm
— Reuters (@Reuters) May 26, 2022
In addition to ramping up console production, Sony its own PlayStation Studios brand by acquiring other game studios and developers. Besides putting these studios to work making PlayStation games, they are also planning on branching further into PC offerings to keep their market options diverse. They’re also interested in developing a large swath of live service games in order to guarantee streams of income.
“By expanding to PC and mobile, and it must be said… also to live services, we have the opportunity to move from a situation of being present in a very narrow segment of the overall gaming software market, to being present pretty much everywhere,” said Sony Interactive Entertainment CEO Jim Ryan.