Sony cuts PlayStation 5 production outlook due to component snag -Bloomberg News

FILE PHOTO: The logo of Sony Corp is seen at the CP+ camera and photo trade fair in Yokohama, Japan, Feb. 25, 2016. REUTERS/Thomas Peter

(Reuters) - Sony Group Corp has reduced its PlayStation 5 production outlook for this fiscal year due to component and logistics constraints, Bloomberg News reported on Wednesday.

The company has cut down the number of PS5 units assembled for the fiscal year to about 15 million, from its previous target of 16 million units, the report added, citing people familiar with its operations.