Sony officially declares an end to the PlayStation 5 shortage
January 6, 2023
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Jim Ryan, President Sony Interactive Entertainment made the announcement at a press conference at CES 2023 PlayStation 5 (PS5) shipping issues are officially overbecause the availability of the
Jim Ryan, President Sony Interactive Entertainment made the announcement at a press conference at CES 2023 PlayStation 5 (PS5) shipping issues are officially overbecause the availability of the console has improved drastically, so retailers should have a lot more stock, in addition to the fact that last December 2022 was the month when the PlayStation 5 recorded the best sales figures since its first release.
The crisis caused by the COVID-19 pandemic has combined a surge in demand with a drop in components available to make many things besides electronic products. As a result, the PlayStation 5 and Xbox Series ended up falling prey to speculators and retailers selling console units at insane prices.
Manufacturers (and we can add others such as NVIDIA and AMD) and retailers have come out saying that they are doing everything they can to ensure that prices are not inflated in the end, but there are many who think that the entire supply chain has used the situation to maneuver against consumers, who in some cases were willing to pay any price for anything.
Let’s get back to the topic at hand, Sony said that the number of PlayStation 5s present in households has increased to 30 million. As surprising as it sounds, this is a number similar to that registered by the PlayStation 4 at the time it was on the market for the same amount of time, so if the market was a more normal situation, the latest generation of the Japanese video game giant’s console would have sold better than its predecessor.
Jim Ryan stated at CES 2023 that “PlayStation 5 shipments picked up late last year. Anyone who wants a PS5 will now be much easier to find at retailers around the world.“.
It remains to be seen if Jim Ryan’s toughness translates into reality, as there is a sense around the corner that consumer confidence is in tatters and there aren’t a few who won’t believe a word of it. Will the PlayStation 5 really be in stock and above all at reasonable prices? We’ll see that in months.
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.