PS5 stock is still low – heres everything we know about the situation
With Christmas fast-approaching, millions of people are still unable to get their hands on the PlayStation 5, leaving would-be next-gen gamers forced to fire up their Xbox Ones and PS4s.
Despite launching on November 19 last year the console's early supply issues have left people forced to wait in queues, both digitally and in-person, after hearing a 'drop' is coming to their local store.
Fans' monstrous appetite for the console grew during the various global lockdowns, which saw people trapped at home with nothing to do but get their teeth stuck into some cutting-edge digital escapism.
No matter where in the world it is, whenever stock arrives in stores it gets sold out in minutes. Online, retailers' sites have reported having crashed due to huge surges of prospective buyers looking to find one.
People have been reselling the consoles online at cranked-up prices, causing frustration and resentment amongst honest gamers unable to get their hands on one.
Why has there been a PlayStation 5 shortage?
The low PS5 stock is thought to be down to supply chain problems, with shortages of specific parts apparently to blame.
One issue is a semi-conductor shortage, which is thought could be partly due to former US president Donald Trump's trade war with China.
Semi-conductors have been in short supply since the start of the coronavirus pandemic, spurred on by the increased rush for more laptops, monitors and other electrical goods.
The issue was made worse when a shortage of other materials – namely copper, zinc and silicone forced prices higher.
Speaking to Russian news site TASS Jim Ryan, Sony's interactive entertainment chief executive, said in November last year: “Everything is sold. Absolutely everything is sold.”
NASA launches one-way DART rocket to smash asteroid in 'Armageddon-style' mission
“I’ve spent much of the last year trying to be sure that we can generate enough demand for the product. And now in terms of my executive bandwidth I’m spending a lot more time on trying to increase supply to meet that demand.”
He was adamant that the problems weren't the fault of Sony's manufacturing, but rather elsewhere in the supply line.
Sony’s chief financial officer Hiroki Totoki said: “It is difficult for us to increase production of the PS5 amid the shortage of semiconductors and other components.
"We have not been able to fully meet the high level of demand from customers.
"We continue to do everything in our power to ship as many units as possible to customers who are waiting for a PS5.”
How is the PS5 shortage being resolved?
Sony chiefs insist that they are working tirelessly to make as many consoles as possible and claim the problem is getting better.
However, the time of writing PS5s were sold out on Amazon, Game and John Lewis.
The company has stated it aims to sell 14.8m PS5s by March 2022. However, according the Bloomberg the firm has now decreased its assembly targets for the year to March 2022 from 16 million to 15 million, making it seem less likely their sales target will be reached.
Writing on the PlayStation 5 blog, Lewis said that he wanted to "thank everyone in the community for your patience".
"We continue to see historic demand for PS5 and we understand the inventory constraints remain a source of frustration for many of our customers.
"Rest assured that we are laser-focused on doing everything in our power to ship as many units as possible, it’s something we work on every day across the company and remains my top priority. Again, we appreciate your patience as we navigate through these unprecedented global challenges.
In August Totoki said that Sony now had enough parts to meet all of its production targets. He said: “The shortage of semiconductors has impacts in various areas and through various measures, we have been taking some action.
“For PS5, the target has been set for the number of units to be sold this year, and we have secured the number of chips that is necessary to achieve that. Regarding the supply of semiconductors, we are not concerned.”
Source: Read Full Article