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Sony Is Reportedly Going To Slash Production Of PlayStation 5 Due To Production Issues

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Sony Corporation, a Japanese multinational company, is going to cut its production for PlayStation 5 by 4 million units, Bloomberg reported, citing people familiar to the matter.

Earlier, the same tabloid reported that the firm is going to boost up its PS5 production by 50%.According to the reports, Sony has encountered production issues owing to its customized chip which is a core processing unit for the system.

The chip designed by AMD is said to have a manufacturing problem that has reduced the expected production level. However, Bloomberg also reported that the yield is improving but has not “yet to reach a stable level.”Following the reports, Sony’s stock traded 2.38% lower on Tuesday morning, CBNC reported.

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