Sony Group Corporation has announced its plans to ramp up production of its PlayStation 5 console as supply chain challenges ease. The company also signaled a radical broadening of its games portfolio including bringing in more titles on PC and mobile.
The PS5, which first went on sale in November 2020, undersold its predecessor in its second year due to component shortages that have roiled the electronics industry. However, the company expects to close the gap in year three and overtake PS4’s install base.
“We’re planning for heavily increasing console production, taking us to levels that we have never achieved before,”, Jim Ryan, CEO, Sony Interactive Entertainment, told an investor briefing.
While COVID-19 lockdowns in China continue to create supply chain uncertainty, “things are definitely improving,” he added.
Sony has forecasted 18 million units of the gaming console in the business year.
Outlining a shift by PlayStation away from just concentrating on single-player games exclusive to its platform, Ryan said more PC and mobile titles will be on offer in addition to live service games, which provide continuously updated play.
While PS4 and PS5 titles are expected to make up more than two-thirds of releases this year, PC and mobile titles will make up almost half of new games in 2025.
“The initiatives to broaden our audience will have a fundamental effect on the shape of our game portfolio,” Ryan said.
With the shift, PlayStation is aiming to keep pace with industry change that has seen cloud technology and the increased computing power of smartphones untether users from bulky hardware and more money spent by gamers in free-to-play online titles.
Amid much speculation that the metaverse, or the idea users will spend more time in simulated environments, will upend industry business models, Ryan suggests that many consumers will continue to play games as before.
“There will be many, many individual players who prefer to enjoy games in the way that they have played them from the past 30 years or more,” he added.