SNE - Global Chip Shortage Could Hurt PlayStation 5 Sales
Sony 's (NYSE: SNE) PlayStation 5 console could be hard to find all the way through next Christmas season, according to a recent Financial Times report. Semiconductor companies across the globe are having a hard time meeting a surge in demand after volatility created by the coronavirus pandemic and geopolitical dynamics between the U.S., China, and other countries.
The red-hot PlayStation 5 launched in November and remains sold out at most retail outlets. Now, semiconductor manufacturing constraints mean Sony could wind up short on crucial components. Many eBay sales for the premium version of the PS5, which normally retails at $500, still frequently exceed the $900 mark.
Image source: Sony.
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Global Chip Shortage Could Hurt PlayStation 5 Sales