The global chip shortage could probably last for another two years. This leads, among other things, to the fact that the sales of the Playstation 5 increase faster than Sony’s capacities.
It’s been around nine months since the Playstation 5 was first launched. Nevertheless, countless fans are still waiting for the chance to actually buy the game console. Because it is still extremely difficult to get hold of a copy and whenever a shop receives a small number of new consoles, they are sold out again within seconds. But why is that?
The main cause can be found in the Covid-19 pandemic. This has led to an acute and extreme shortage of chips, which are of essential importance for the manufacture of devices such as the Playstation 5, but also computers or in the automotive industry. In fact, there is still no sign of improvement in the global chip shortage. Intel CEO Pat Gelsinger, for example, believes that the global semiconductor shortage will worsen in the coming months and can continue into 2023.
“While I expect bottlenecks to bottom out in the second half of the year, it will be a year or two before the industry can fully meet demand,” said Gelsinger last week. However, Intel is in the process of building up its production capacity. Part of Gelsinger’s plan is to make the group more of a contract manufacturer for other chip developers. You are in talks with around 100 potential customers, he said. Names were not mentioned.
Another reason the PS5 is so difficult to get is its popularity. This has meant that the demand for the Playstation 5 is growing faster than the capacities of the manufacturer Sony. As the company announced on Wednesday, more than ten million consoles have been sold worldwide since the new Playstation hit the market in November.
“The PS5 has reached more homes faster than any of our previous consoles,” said Sony Interactive Entertainment director Jim Ryan. According to market research company NPD Group, the Playstation 5 is the fastest-selling console in US history.
But otherwise, people also spent a lot of money on various game consoles. In June alone, spending on game consoles in the United States doubled compared to the same period last year and reached $ 401 million (CHF 364 million), according to the NPD Group.