BMLpL

Bank of America Corporation Bank of America Corporation Depositary Shares (Each representing a 1/120

20.3800
USD
-0.97%
20.3800
USD
-0.97%
18.4500 25.9300
52 weeks
52 weeks

Mkt Cap 105.98B

Shares Out 5.20B

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Sony says it plans PS5 ramp up as shortages ease

Adds comments from gaming head TOKYO, May 26 (Reuters) - Sony Group Corp's 6758.T gaming chief said on Thursday that the tech conglomerate plans to ramp up production of its PlayStation 5 console as supply chain snarls ease. "We're playing on a significant ramp up in PS5 production this year, allowing us to close the gap versus PS4," Sony Interactive Entertainment CEO Jim Ryan told an investor briefing. The PS5, which went on sale in November 2020, undersold its predecessor in its second year due to shortages which have roiled the electronics industry but is expected to close the gap in year three and overtake PS4's installed base the following year. Beyond the initial ramp up "we're planning for heavy further increases in console production, taking us to production levels that we've never achieved before," Ryan said. (Reporting by Sam Nussey; Editing by Muralikumar Anantharaman) ((sam.nussey@tr.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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