Sony Won't Meet Blu-Ray Demand in 2006, Says Exec

Posted Mon May 15, 2006 at 12:20 PM PDT by
Sony Blu-Ray Player [Prototype] Faced with shortages in the supply of electronics components, initial demand for Blu-Ray players will exceed demand and prices will remain high, a Sony exec told Reuters.

Due to the "phenomenal" sales of electronic devices such as mobile phones, "overall component supply is tightening up," Stan Glasgow, president and chief operating officer of the Sony Corp. division, said during an event in New York last week.

Glasgow added the shortages will result in the company not having enough inventory to meet demand for next-generation Blu-ray DVD players in the United States. "It's going to be expensive," he said, "[and] it will take time to get component prices down."

His comments come one month before the official launch of Blu-Ray, with the format's first players and discs due to hit stores June 20. Sony also [post 64]plans to release two versions of its highly-anticipated PlayStation 3 game console this November, both including a Blu-Ray drive, the company announced at last week's E3 expo.
Tags: Hardware, Industry Forecasts, High-Def Gaming, PlayStation 3, Sony (all tags)