'Good Information' on Chips Hard to Find: Sony CFO
The scarcest commodity during the global chip shortage is “access to good information,” Sony Chief Financial Officer Hiroki Totoki told analysts and reporters in Tokyo Wednesday: “We have been able to control the situation, but going forward, we cannot remain…
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complacent” on supply. In consumer electronics, “we do use a lot of semiconductors in various areas, so some availability of parts and components is a source of concern,” he said. Sony reported selling 2.3 million PlayStation 5 consoles in fiscal Q1 ended June 30, 30% fewer than in Q4 and down 49% from peak shipments of 4.5 million in Q3 when the PS5 was introduced. “We are beginning to see a decline in the stay-at-home demand that has continued since last fiscal year in the market for low-priced, small- and medium-sized products,” the CFO said.