That dreaded chip shortage strikes once again.

Sony has apparently cut production plans for the PlayStation 5 consoles by about one million units. This is due to, you guessed it, component shortages. Who didn't see that one coming? We already had news just yesterday about Valve's Steam Deck being delayed by two months because of COVID-19 related component shortages, and here we are again.

As fewer consoles are expected to be made, it stands to reason that it will be even harder to buy one of Sony's new consoles. Not that it really matters in the end anyway because PlayStation 5 consoles, much like PC GPUs and a bunch of other hardware, are still impossible to find at retailers. It's been well over a year of this and the end is still nowhere in sight.

Today's report comes from Bloomberg that cites sources that are close to Sony's operations. Sony was apparently targeting over 16 million PS5 consoles to be produced for the year ending March 2022. That figure has been cut down to about 15 million units.

Chief financial officer at Sony, Hiroki Totoki, told investors that logistical issues and part shortages have just gotten worse. Sales of the PlayStation 5 in the recent quarter ending in September 2021 were apparently weaker than expected. As of July 2021, sales of the PS5 have fallen behind the pace set by the PlayStation 4.