PS5 Supply Issues Could Continue Into 2024

Sony expects its PS5 supply issues to continue into 2024. However, the company believes the PlayStation 5 will outsell the PlayStation 4 in its fourth year.

Gamers are still struggling to find PS5 consoles on store shelves. Sony has had trouble meeting demand for the console, and some people have resorted to buying from scalpers rather than waiting months.

The PS5 came out in November 2020. Since then, supply issues have resulted in players not being able to get their hands on a console. One of the main problems is the lack of parts available in the industry, which is impacting a lot of electronic companies currently.

Intel’s CEO has claimed the shortages probably won’t improve until 2024. Now, Sony has released a business briefing which states PS5 supply issues could last for a couple more years.

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Credit: Sony

PS5 Supply Shortages

It released a 42-page PDF with statistics detailing the company’s performance. One of those pages discusses supply problems, and how Sony is planning on dealing with the issue.

Sony believes the PS5 supply issues will continue until 2024. Until then, customers are unlikely to find consoles on store shelves. However, Sony is planning on sourcing from multiple suppliers to maintain “optimal logistics”.

The demand for PlayStation 5 consoles is extremely high. In the US, stores sell consoles at a rate of 1000 per minute. Compared to 6 PS4 consoles in the same timeframe, that’s pretty huge. However, it’s difficult to make meaningful comparisons when the supply is affected in such a way.

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In addition, the PS5 Pro could potentially be coming out in 2023. A Chinese tech company called TCL Technology claims the PS5 Pro will come out next year. However, it’s probably best if we take this news with a grain of salt until Sony confirms it in a future announcement.