There are many out there that have probably been attempting to obtain an Xbox Series X and a PlayStation 5 since their respective release dates of November 10, 2021 and November 12, 2020. As predicted back in November, supply shortages that has resulted from the global COVID-19 pandemic is to blame for this difficulty.
It’s now being reported that the task of acquiring a PlayStation 5 and an Xbox Series X will be even more difficult than before. According to Tom’s Guide, the world is currently going through a global semiconductor shortage and it “is now reaching a crisis point.”
Essentially, the supply is unable to keep up with the demand. And this apparently isn’t just an issue with console gamers.
Other products like televisions, phones and vehicles are also competing for these chips. Tom’s Guide reported that Samsung had already cancelled the Galaxy Note 21 as they were unable to acquire enough chips for a steady production of phones.
Neil Campling, media and tech analyst at Mirabaud (via The Guardian), believes that this is an issue that won’t be going away anytime soon. “Chips are everything. There is no sign of supply catching up, or demand decreasing, while prices are rising across the chain,” said Campling.
Companies like Ford, Nissan and General Motors are expecting to take a hit to profits in the billions by the end of the year as a result of this global shortage. Though the PlayStation 5 is selling enough right now to potentially outpace the PlayStation 4’s record breaking success, Sony believes that they might not be able to hit the sales target that they had set for 2021.
Microsoft’s Phil Spencer predicts that the Xbox Series X stock shortage will be a problem that will likely continue on until at least the second half of 2021.
Unfortunately, the difficulties associated with acquiring the semiconductor chips needed to make these type of products may cause a price increase in the near future.