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PS5 Release vs. COVID-19

As you know, the coronavirus outbreak has affected almost everything from our daily routines to work and social life. Many businesses also had different kinds of troubles, from logistics to work productivity, and so on. However, Sony says that its hardware and software plans are not part of this category. The upcoming PlayStation 5 release is on the way, and nothing is going to stop that.

Taking into consideration the excitement of the fans, we are happy to know Sony won’t disappoint. In terms of the exact release date, the company has not said anything. However, the upcoming beast console will launch by the end of 2020. The news is even spicier because the PS5 and Xbox Series X will roughly launch at the same time. And we all know what that means. It means that the war is about to start, and we can’t wait to see who will win this time.

Financial presentation
According to Sony’s financial presentation, the company did face a few issues with the hardware and software for its PS4 console. The pandemic did have some impact on the company, but nothing serious. Of course, it is not easy to adjust to working from home. It certainly put the staff is a difficult position. But, as all things take time and a little perseverance, the company has now sorted out most of the initial problems. Do keep in mind that Sony lauded over 110 million PS 4 console sales.

“Although there has been a slight impact on production of PS 4 hardware due to issues in the component supply chain, demand in the short-term is being addressed with current inventory and sales are trending well,” the financial report reads. “Sales of game software that is downloaded from the network, as well as PS Plus and PlayStation Now (PS Now) subscriber numbers have significantly increased.”

Sony’s future performance
The company claims that the launch of the upcoming console will go smoothly. The same goes for the upcoming games. This is actually a relief, and we are quite sure that the fans feel the same way. Although the next console and games will come out sometime during the end of this year, the company also says that the situation might change in the future. That means that according to today’s results, the company won’t face any problems with the upcoming launch. However, the plan could change in the future, which means the situation is unpredictable. For that reason, the company did not mention the sales estimates for both the PS 4 and PS 5 for 2021.

“Regarding the launch of PlayStation 5, although factors such as employees working from home and restrictions on international travel have presented some challenges in regards to part of the testing process and the qualification of production lines, development is progressing with the launch of the console scheduled for the 2020 holiday season,” the report concludes.

About Patricia W. Vandoren

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Patricia W. Vandoren started working with the team at Feed Ride as a content writer with knack for news from different parts of the world expanding over various verticals. Now she detects potential tech trends and worthy subjects.

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