Sony Coronavirus Disruptions Expected to Persist
The COVID-19 pandemic is harming Sony “production, development, sale and distribution” of products and services in all segments, said the company’s annual report posted Monday at the SEC, saying Sony expects “this negative impact” to continue well into the future,…
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but it doesn’t risk delaying the holiday launch of the PlayStation 5. Sony-owned factories in China and Thailand making digital cameras and smartphones “are currently operating as usual,” it said. Sony’s retail sales are down “significantly due to the closure of retail stores globally,” said the report. Work-from-home orders and the ban on international flights due to the coronavirus “presented some challenges” in bringing the PS5 to market in time for the holiday, said the report. Sony encountered delays in the PS5 “testing process and the qualification of production lines,” it said. Development is “progressing” well, and “no major problems have arisen in the game software development pipeline,” it said.