Sony denies cutting PlayStation 5 production targets

Taco Bell customers will have the opportunity to take home a free X Box Series X console starting in September

Taco Bell customers will have the opportunity to take home a free X Box Series X console starting in September

In a report from Bloomberg Japan, it was suggested that Sony would be reducing the production numbers for the PlayStation 5.

Sony is all set to showcase its next-gen console, PlayStation 5 tomorrow (September 16 at 1 PM PDT) but the PS5 rumors have still not stopped. The company declined to comment on Bloomberg's report. According to its story Sony slashed its production forecast from 15 million units to 11 million. If demand is as high as Sony is anticipating, this could be quite the problem for the console manufacturer.

Sony's shares fell by 2.4 percent by close on Tuesday following this news. Yields have been gradually improving but have yet to reach a stable level, they added. Problems with SoC yields aren't unusual by any means but it does mean that stock may be lower and each component may end up costing Sony more, affecting profit margins. The news also comes at a time when we still don't actually know a huge amount about the PlayStation 5. Sony is widely expected to reveal its own launch and pricing plans for the PlayStation 5 during an official video presentation scheduled for Wednesday. The PlayStation 5 Showcase will last for approximately 40 minutes and will include updates on the games and input from some of the development partners. While the digital-only PS5's price is not exactly known yet, the speculated price of the disc version of PS5 is 50 dollars cheaper than the Xbox Series X.

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