Whatever the reason Sony made less, there was a limited supply, that were selling out.
But yes, I would rather make 800,000 units and sell them at $300 each, than to make 1.1 million and sell 800,000 at $300 and eat 300,000 of them.
But would YOU rather sell 800,000 units at $300 each, or 1.5 million units at $150 each?