Sony's PS5 Restock Disaster Is About To Get A Whole Lot Worse
Sony's PS5 Restock Disaster Is About To Get A Whole Lot Worse
If you haven't gotten your hands on a PS5 yet, it could be quite some time before you get another chance. Behind the scenes at Sony, the PS5 situation is a disaster—over the last four months, the company has been trying desperately to keep up with restocking demands, but it has been unable to do so because of a global semiconductor shortage that is delaying the manufacturing process.
Neil Campling, a technology analyst, told The Guardian that things are just going to get worse from this point on: "There is a perfect storm of supply and demand factors going on here. But basically, there is a new level of demand that can’t be kept up with, everyone is in crisis and it is getting worse."
The semiconductor chip is a piece of integrated circuitry that consists of many components, including transistors and a wiring wafer. It is an essential inclusion in several electronic devices, including smartphones, digital cameras, televisions, home appliances, LED bulbs, and even medical equipment.
With that in mind, the current semiconductor shortage that is going on right now is affecting multiple industries beyond just gaming. As many sectors compete for the limited quantities of semiconductor chips, there is a massive strain being put on global supply chains.
Samsung, for example, took a huge hit this year due to the shortage. Its latest device, the Galaxy Note 21, was effectively cancelled for launch as a result of a lingering uncertainty to meet manufacturing demands.
Sony's PS5, as well as Microsoft's Xbox Series X, could be in the same boat as well. While the demand for their products is there, there is a lack of supply to fulfil that demand, and it is preventing them from hitting their sales targets this year.
While it's unlikely that Sony or Microsoft will increase the price of their units to offset the losses, consumers will likely not see any sales or discounts on the consoles any time soon.
READ MORE
Once-valuable treasures can lose their shine as trends fade. There are so many "vintage" items that now serve as relics. Check out how once-prized collectibles became surprisingly worthless, and let us know if you agree.
If you love the outdoors but have been stuck in an office cubicle for most of your professional life, this list of the most rewarding jobs is for you.
Explore the financial wisdom of using cash in a digital age. Dive into twelve scenarios where paying with tangible money offers benefits that cards simply can't match, from supporting local businesses to securing better deals.
This month, Amazon was served a major safety citation after federal investigators found multiple of its warehouses operating under unsafe work conditions.
A perfect smile doesn't have to be expensive. Find out how to get affordable dental implants near you with these simple tips.
Whether it’s pure nostalgia, obsession, or just plain curiosity, these bizarre items prove that, at the right auction, anything can become a treasure.
Disclaimer
The information on MoneyMade.com is intended to support financial literacy and should not be considered tax or legal advice. It is not meant to serve as a forecast, research report, or investment recommendation, nor should it be taken as an offer or solicitation to buy or sell any securities or adopt any particular investment strategy. All financial, tax, and legal decisions should be made with the help of a qualified professional. We do not guarantee the accuracy, timeliness, or outcomes associated with the use of this content.
Dear reader,
It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.
Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!
Warmest regards,
The Moneymade team