Sony refuted a Bloomberg report that the company had slashed PlayStation 5 production by 4M units over chip issues. “We have not changed the production number for PS5 since the start of mass production”, Sony said in a statement. Sony’s clarification comes at a time when Microsoft is aggressively pushing its Xbox line up and has already revealed prices of the next-gen gaming consoles. Sony will announce the price and other key details of PS5 later today.

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