PS5 Stock Shortage May End This Year According To PlayStation CEO

PS5 Stock Shortage May End This Year According To PlayStation CEO

According to PlayStation CEO Jim Ryan, PlayStation 5’s stock shortage may finally be coming to an end later this year if everything goes right.

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PS5 Stock Shortage May End This Year According To PlayStation CEO

Increasing PlayStation 5 stock to end the console shortage is something Sony Interactive Entertainment CEO Jim Ryan says the company is actively working on achieving this year. Along with the Xbox Series X/S, the console has been in incredibly short supply in the six months since its launch, meaning demand for the PS5 remains sky high. As new, likely platform-exclusive games are on the horizon, players want to secure the new console in time to not miss out, but it’s proven almost impossible (or, thanks to scalpers, too expensive) for many.

Part of the reason for the shortage is that components for the console are also in short supply, with manufacturer Foxconn recently speculating that this shortage could lead to the console shortage lasting until 2022. With a fairly optimistic year of games ahead, including a highly anticipated current-gen port Grand Theft Auto V, it’s becoming increasingly imperative for Sony to do its best to get as many PS5 units out the door as possible.

SIE CEO Jim Ryan noted in an interview with Nikkei (translated by VGC) that Sony is working with its partners to try and increase production, hopefully allowing for more console production to alleviate the situation as soon as this year. Whether or not Sony will be able to succeed in that endeavor remains to be seen, but it’s clear Sony wants consoles on shelves for the 2021 holiday season. He stated:

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“There are several reasons why PS5 was hard to come by. Supply under the new coronavirus was very complicated, and we had to limit distribution to online. The supply and demand for semiconductors is also tight worldwide. We are asking our suppliers to allow us to increase production, which will flow into the market this year.”

Ryan also spoke about the company’s bullish efforts to stack the PlayStation release schedule with more PS5 exclusive games, despite recent reports that suggest Sony may be taking less risks in first-party. Although the SIE head didn’t detail what exclusives the firm is investing in, it’s likely more third-party exclusivity deals like Final Fantasy XVI’s. Whether or not any of these games will be revealed later this year remains to be seen.

It seems unlikely that even if Sony can increase supply to a degree of ready availability for everyone who has the means to buy one, but it would still be an improvement to at least increase supply to a great enough degree that scalpers’ stranglehold on the market is lessened. Given the rumors and speculation surrounding delays for games like God of War: Ragnarok, perhaps a short console supply until 2022 won’t be all that damaging for the PlayStation 5 in the long run.

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Source: Nikkei (via VGC)

Cade Onder is a 20-year old video game, movie, and chicken tender enthusiast. He has been writing about games since he was 14 and is always trying to learn more about the gaming industry. You can follow him on Twitter @Cade_Onder for bad jokes, bad takes, and pictures of chicken tenders.

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Link Source : https://screenrant.com/ps5-stock-shortage-end-2021-sony-jim-ryan/

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