It is still pretty dang tough to find a PS5, Xbox Series X, or Xbox Series S over a year after these three consoles hit the market. Despite the gallant efforts of both Microsoft and Sony, people are still clamoring for units - many of them having been forced to resort to scalpers to get their consoles.
Living room with Microsoft Xbox Series X (L) and Sony PlayStation 5 home video game consoles alongside a television and soundbar, taken on November 3, 2020.
But according to Juergen Stark, chairman, and CEO of gaming accessory company Turtle Beach, the shortages and supply issues are due to basically correct themselves by the end of the year, as reported by WCCFTech. All in all, he cites a phenomenon called "progressive insight."
He made his statements during Turtle Beach's latest Q1 2022 earnings call, the numbers of which can be found via Seeking Alpha.
Stark expects that supply constraints will be "significantly abated" by the time that holiday 2022 rolls around. This is because the environment (the shortage) has been around for well over a year.
With that situation, the Turtle Beach CEO basically said that companies are now used to having to deal with supply chain issues. They were putting orders well in advance, which he expects both Microsoft and Sony to be doing as well. As they do, Stark says that supply constraints should now ease over time.
Since this is just one man's opinion, it is no clear indication that the PS5, Xbox Series X, or even the Xbox Series S will be far easier to find come late 2022. But things did improve a bit, considering how bad they were close to the launch date of these three consoles.
With the supply constraints also come price hikes, which have also plagued the release of Microsoft and Sony's current-gen systems. A quick look at sites like eBay, and you'll see consoles still selling way above the original MSRPs, but these prices have gone down from what people used to pay for 2021. You could expect to spend upwards of $1,000 just to get your hands on a PS5 or a Series X.
The Xbox Series S seems to be the only one that hasn't been affected much by the pricing issues.
Living room with a Microsoft Xbox Series S home video game console alongside a television and soundbar, taken on October 27, 2020.
Read also: How To Upgrade The Storage Of An Xbox Series S: The Basics
What's The News On The Ground?
The PS5 and Xbox Series X (we're not going to include the Series S here for reasons that it is far less in-demand) both have their own situations when it comes to supply shortages. Here are the most recent updates on each.
Want to secure your next PS5 or Xbox Series X purchase? Here's how to do the Best Buy Toggle trick to increase your chances of obtaining your desired console.
Intel CEO Pat Gelsinger wasn't too fond of the Sony console's chances, saying that the global chip shortage is now affecting the machines that make the consoles themselves, in a report by CNBC. As such, he predicts that the problem will extend through to 2024, meaning you might need to wait two more years to finally find a PS5 in stock priced at MSRP or close to it.
On the side of the Series X, it's a slightly better situation. And the reason, as per XboxEra's Nick "Shpeshal" Baker (via TechRadar), is all about money. That's because Microsoft has been investing in priority chip production for their consoles. Considering how the company is one of the richest (if not the richest) tech giants in the world, this isn't too far off a thing to happen.
Related: This Xbox Series X Was Customized To Look Like It Was Made Of Marble
Story posted on GameNGuide
Written by RJ Pierce
