Tech

Sony officially declares the end of the PlayStation 5 shortage

Jim Ryan, President of sony Interactive Entertainment, has declared in a press conference at CES 2023 that PlayStation 5 (PS5) supply issues are officially oversince the availability of the console has improved drastically, so retailers should have much larger inventory stocks, in addition to the fact that last December 2022 was the month in which PlayStation 5 registered its best sales numbers since its initial release.

The crisis caused by the COVID-19 pandemic combined a sharp increase in demand together with a decrease in the components available to manufacture many things in addition to electronic products. The consequence of that was that PlayStation 5 and Xbox Series ended up falling prey to speculators and retailers who sold units of the consoles at crazy prices.

Both manufacturers (and here we can add others such as NVIDIA and AMD) and retailers came out to say that they were doing everything possible so that prices do not end up inflated, but there are many who think that the entire supply chain took advantage of the situation to maneuvering against consumers who, in some cases, have been willing to pay any price for anything.



Returning to the subject at hand, Sony has said that the number of PlayStation 5 present in homes has risen to 30 million. Although it sounds surprising, it is a number similar to that registered by PlayStation 4 at the time when it had been on the market for the same amount of time, so, had there been a more normal situation in the market, the latest generation console from the Japanese video game giant would have sold better than its predecessor.

Jim Ryan has stated at CES 2023 that “PlayStation 5 supply picked up towards the end of last year. Everyone who wants a PS5 will have a much easier time finding one at retailers around the world from this point on.”.

We will see if the firmness of Jim Ryan translates into reality, because the feeling in the environment is that consumer confidence is in tatters and there are not a few who are not going to believe a single word. Will there really be PlayStation 5 stock and above all reasonable prices? We will see that as the months go by.

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