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Christmas misery for kids as Sony cuts PS5 production by A million units due to chip shortages and shipping issues

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Sony is reportedly cutting production of its PlayStation 5 gaming console due to a global chip shortage and shipping issues plaguing the technology industry.

The Tokyo-based firm had planned to have built more than 16 million consoles within the first year, but reduced the number to 15 million – a move that puts its target of 14.8 million PS5 sales by March near impossible, people familiar with the matter told Bloomberg.

This also means consumers may have trouble getting their hands on a PS5 this holiday season.

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