Why does Sony have a PS5 shortage?

The PS5, released a year ago, has been hard to find for the full duration of its time on the market. Sony has reduced its PlayStation 5 production outlook for this fiscal year due to component and logistics constraints, according to people familiar with its operations.

Why didn’t Sony produce more PS5?

Sony PS5 setbacks began with the pandemic Manufacturing and shipping timelines were stretched, and demand has outstripped supply – it’s been seven years since a major Sony console launch. So Covid-19 has a lot to do with why you can’t find PS5 in stock today.

Why did PS5 stop production?

Sony has reportedly cut production plans for the PlayStation 5 by around one million consoles due to component shortages and logistic constraints. As noted in the report, Sony’s Chief Financial Officer, Hiroki Totoki, recently told investors that logistical issues and parts shortages have grown more severe.

Why can’t you buy a PS5 on April 4?

There are five reasons why you can’t buy the Sony console today, Sunday, April 4, and new PS5 stock seems to be at an all-time low at Best Buy, Walmart, Target and other stores worldwide. The outlook of claiming a PS5 restock this month is not very bright either.

Why is PS5 so hard to find right now?

Manufacturing and shipping timelines were stretched, and demand has outstripped supply – it’s been seven years since a major Sony console launch. So Covid-19 has a lot to do with why you can’t find PS5 in stock today. Things didn’t get off to a running start for a product everyone wanted so badly. But it’s not the only reason. 2.

How much does it cost to resell a PS5?

The most insidious resellers are able to ping retail websites every few seconds to see if there’s a restock with bots, scoop up the inventory either through automation or a manually checkout, and take consoles away from everyday consumers. They are then able to resell the PS5 for around $1,000, doubling their money.

What happened to the PlayStation 5 reveal?

Sony didn’t announce the PlayStation 5 for months during the first half of 2020 (if you recall, we first saw Xbox in December 2019), allegedly delaying the initial reveal several times due to the pandemic. Rumors of a February launch event gave way to a supposedly scheduled March unveiling, turned into a April reveal that never was.