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Photo: Budrul Chukrut/SOPA Images/LightRocket via Getty Images

If you're one of the many people who still doesn't have a PlayStation 5, bad news: low supply is expected to continue into 2022.

Why it matters: According to Bloomberg, CFO Hiroki Totoki told analysts that the company needs to increase production ASAP.

  • "I don't think demand is calming down this year and even if we secure a lot more devices and produce many more units of the PlayStation 5 next year, our supply wouldn't be able to catch up with demand," said Totoki.
  • Sony's goal is to sell at 14.8 million units before the end of the fiscal year; currently it's sold 7.8 million.
  • The company has struggled with production due to a semiconductor chip shortage that's impacted everything from consoles to cars.

Flashback: In February, Sony Interactive Entertainment CEO Jim Ryan told the Financial Times that he expected production to kick up by the second half of 2021. "It will get better every month throughout 2021," Ryan said.

Go deeper

Tina Reed, author of Vitals
14 mins ago - Health

The shifting definition of fully vaccinated

Illustration: Sarah Grillo/Axios

The definition of what it means to be "fully vaccinated" is evolving even as the CDC has remained careful not to officially change it.

Why it matters: CDC officials have been balancing the job of convincing Americans who've already gotten two doses of the importance of boosters with getting many Americans who still need their first doses to get their shots at all.

Mike Allen, author of AM
24 mins ago - Economy & Business

Small businesses see hiring as No. 1 worry

Illustration: Aïda Amer/Axios

Almost every small business owner in a Goldman Sachs survey is having trouble hiring — and two-thirds think the federal government has done too little to ease their hiring, supply-chain and inflation worries.

Why it matters: The Goldman Sachs research gives a vivid window into the continuing headwinds and hardship for entrepreneurs.

28 mins ago - World

NATO sends ships, fighter jets to eastern Europe over Russia threat

Service members of Russia's Eastern Military District units attend a welcoming ceremony as they arrive at unfamiliar training ranges in Belarus. Photo: Russian Defence Ministry/TASS via Getty Images

NATO said Monday it's sending more ships and fighter jets to eastern Europe due to Russia's buildup of troops near Ukraine.

Driving the news: "NATO Allies are putting forces on standby and sending additional ships and fighter jets to NATO deployments in eastern Europe, reinforcing Allied deterrence and defense as Russia continues its military build-up in and around Ukraine," per a NATO statement.

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