Technology

Sony PlayStation 5 Sales break records in 2020, setting higher targets for the New Year

The company managed to sell 3.4 million PS 5 units in just 4 weeks of its launch

Views

Year 2020 ended on a great note at least for Sony as PlayStation 5 achieved a record-breaking sales, setting higher targets for the new year 2020.

As being reported by the driod.news, the company managed to sell 3.4 million PS 5 units in just 4 weeks of its launch and by the year 2021 it plans on selling up to 18 million units.

After its initial launch Sony faced excess demand for its PS 5 and it was sold at high prices in some countries like China, and Hong Kong.

However, the company also faced constant pressure because of its delayed launch in India.

Despite receiving  all the heat due to its short supply, Sony was able to raise its production by 50%, achieving record sales in 2020.

Reportedly, the Japanese tech giant also plans on allocating more PS 5 units for its Asian markets after January 2021.

Sony hopes to collaborate with its production partners Taiwan Semiconductor Manufacturing Company (TSMC) and AMD to ramp up its additional capacity for 2021.

Meanwhile the official Sony dealers in Pakistan have started advance bookings for PS5.

 

the authorSaman Siddiqui
Saman Siddiqui, A freelance journalist with a Master’s Degree in Mass Communication and MS in Peace and Conflict Studies. Associated with the media industry since 2006. Experience in various capacities including Program Host, Researcher, News Producer, Documentary Making, Voice Over, Content Writing Copy Editing, and Blogging, and currently associated with OyeYeah since 2018, working as an Editor.