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PS5 Production Dramatically Increasing To Meet Hyped Player Demand
The growing hype surrounding the PlayStation 5 has led to Sony increasing its production of the system, with new reports indicating that the company is preparing ten million units for the holiday season. The release of the PlayStation 5 is only a few months away, but the details of the launch are still a mystery.
The PlayStation 5 is due to be released during the 2020 holiday season, but we still don't know the exact release date or the price of the system at launch. It's unclear exactly when Sony is going to release these details, as the company is seemingly in a stalemate with Microsoft regarding launch info the next generation of consoles. Neither company has budged, but they must be receiving pressure from retailers to reveal something soon, as they cannot take pre-orders until a price has been set. The recent addition of PlayStation 5 content to Amazon led some to believe that the price & release date was incoming, but it has so far led to nothing.
Sony might not have divulged information about the PlayStation 5, but the company knows the demand is there, and it's upping its production accordingly. According to Bloomberg and Nikkei Asian Review, Sony has increased the production numbers of the PlayStation 5 from 6 million to 9-10 million units. The reason for this is due to the increasing hype surrounding the system, as well as the growth of the gaming market due to COVID-19.
The fact that Sony wants this number of PlayStation 5s doesn't necessarily mean the orders will be complete on time. There have been rumors of delays for the PlayStation 5 and Xbox Series X due to COVID-19, and a 10 million production run might be too much to expect in such a short period of time, especially with the facilities still recovering.
The increase in demand might be shortsighted on Sony's part. The production issues caused by COVID-19 might have started to slow down, but there will also be a lot of people without disposable income by the end of the year, especially with the predicted job losses. The fact that gamers know that buying a PS5 at launch is a bad investment, especially with so few exclusives on the system available on day one, means that it will seem like an easy entry to cut on many people's Christmas lists. There were worries that the PlayStation 5 might be delayed, but Sony might face issues with not being able to sell its initial run if it orders too many systems.
The PlayStation 5 is due to be released during the 2020 holiday season.
