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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16692422" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3769562-sony-cutting-ps5-production-forecast-amid-supply-issues-bloomberg?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Sony cutting PS5 production forecast amid supply issues - Bloomberg</a></h3><p><a href="https://seekingalpha.com/symbol/SONY" target="_blank">SONY -0.24%</a>Nov. 11, 2021 10:46 AM ET</p><ul> <li data-xf-list-type="ul">Sony (<a href="http://seekingalpha.com/symbol/SONY" target="_blank">SONY</a> +0.2%) is <a href="https://www.bloomberg.com/news/articles/2021-11-11/sony-trims-playstation-5-assembly-plans-after-chip-shortages-hit" target="_blank">cutting its production forecast</a> for PlayStation 5 consoles, Bloomberg reports - with the electronics giant bending to widespread problems in supply chains and logistics.</li> <li data-xf-list-type="ul">The console has been difficult to locate even now, <a href="https://seekingalpha.com/news/3635622-sony-playstation-5-launch-brings-new-console-war-full-bloom?source=content_type%3Aall%7Csection%3Asearch_bar%7Csection_asset%3Asearch-advanced%7Ctopic%3Aheadlines%7Crow_num%3A6%7Csearch_item%3ASony%26%2332%3BstrongPlayStation%2Fstrong%26%2332%3Bstrong5%2Fstrong%26%2332%3Blaunch%26%2332%3Bbrings%26%2332%3Bnew%26%2332%3Bconsole%26%2332%3Bwar%26%2332%3Binto%26%2332%3Bfull%26%2332%3Bbloom%7CURL_first_level%3Asearch" target="_blank">one year after its launch</a>.</li> <li data-xf-list-type="ul">It had aimed to assemble more than 16 million units in the year ending in March, with a plan to sell 14.8 million of them by then. But it's now cutting production estimates to 15 million, according to the report.</li> <li data-xf-list-type="ul">The console was a tough gift to secure for holiday shopping in 2020 amid the depths of the COVID-19 pandemic - and it will be hard to find again this year.</li> <li data-xf-list-type="ul">Chipmakers have warned that their fabs are unlikely to be at normal operations even in 2022.</li> <li data-xf-list-type="ul">The Sony news follows reports that Nintendo (<a href="http://seekingalpha.com/symbol/NTDOY" target="_blank">NTDOY</a> +1%) has cut its own forecasts for fiscal-year production of the Switch console <a href="https://seekingalpha.com/news/3762780-nintendo-is-said-to-cut-switch-production-20-on-chip-shortage" target="_blank">by about 20%</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16692422, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3769562-sony-cutting-ps5-production-forecast-amid-supply-issues-bloomberg?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Sony cutting PS5 production forecast amid supply issues - Bloomberg[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/SONY']SONY -0.24%[/URL]Nov. 11, 2021 10:46 AM ET [LIST] [*]Sony ([URL='http://seekingalpha.com/symbol/SONY']SONY[/URL] +0.2%) is [URL='https://www.bloomberg.com/news/articles/2021-11-11/sony-trims-playstation-5-assembly-plans-after-chip-shortages-hit']cutting its production forecast[/URL] for PlayStation 5 consoles, Bloomberg reports - with the electronics giant bending to widespread problems in supply chains and logistics. [*]The console has been difficult to locate even now, [URL='https://seekingalpha.com/news/3635622-sony-playstation-5-launch-brings-new-console-war-full-bloom?source=content_type%3Aall%7Csection%3Asearch_bar%7Csection_asset%3Asearch-advanced%7Ctopic%3Aheadlines%7Crow_num%3A6%7Csearch_item%3ASony%26%2332%3BstrongPlayStation%2Fstrong%26%2332%3Bstrong5%2Fstrong%26%2332%3Blaunch%26%2332%3Bbrings%26%2332%3Bnew%26%2332%3Bconsole%26%2332%3Bwar%26%2332%3Binto%26%2332%3Bfull%26%2332%3Bbloom%7CURL_first_level%3Asearch']one year after its launch[/URL]. [*]It had aimed to assemble more than 16 million units in the year ending in March, with a plan to sell 14.8 million of them by then. But it's now cutting production estimates to 15 million, according to the report. [*]The console was a tough gift to secure for holiday shopping in 2020 amid the depths of the COVID-19 pandemic - and it will be hard to find again this year. [*]Chipmakers have warned that their fabs are unlikely to be at normal operations even in 2022. [*]The Sony news follows reports that Nintendo ([URL='http://seekingalpha.com/symbol/NTDOY']NTDOY[/URL] +1%) has cut its own forecasts for fiscal-year production of the Switch console [URL='https://seekingalpha.com/news/3762780-nintendo-is-said-to-cut-switch-production-20-on-chip-shortage']by about 20%[/URL]. [/LIST] [/QUOTE]
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SVTPerformance's Chain of Restaurants
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Frying Pan Into the Fire -- Chip Shortage
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