{"id":28287,"date":"2023-01-06T19:24:38","date_gmt":"2023-01-06T19:24:38","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/06\/playstation-5-shortage-over-announces-sony-exec-jim-ryan\/"},"modified":"2023-01-06T19:24:38","modified_gmt":"2023-01-06T19:24:38","slug":"playstation-5-shortage-over-announces-sony-exec-jim-ryan","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/06\/playstation-5-shortage-over-announces-sony-exec-jim-ryan\/","title":{"rendered":"PlayStation 5 shortage over, announces Sony exec Jim Ryan"},"content":{"rendered":"<p> <a href=\"https:\/\/go.fiverr.com\/visit\/?bta=1052423&nci=17043\" Target=\"_Top\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"https:\/\/fiverr.ck-cdn.com\/tn\/serve\/?cid=40081059\" loading=\"lazy\"  width=\"601\" height=\"201\"><\/a>\n<\/p>\n<div>\n<div class=\"wpds-c-grBDNq hide-for-print mb-sm undefined\">\n<div class=\"PJLV PJLV-iAjpuP-css flex items-center\" config=\"[object Object]\" data-qa=\"article-actions\">\n<div class=\"wpds-c-fLphcs\">\n<div class=\"wpds-c-jmLDag wpds-c-jmLDag-bywHgD-variant-primary wpds-c-jmLDag-biynoz-density-compact wpds-c-jmLDag-hZSyid-isOutline-true wpds-c-jmLDag-ejCoEP-icon-left wpds-c-jmLDag-futxca-cv wpds-c-jmLDag-iknmtxO-css\"><button aria-label=\"Comment\" class=\"PJLV PJLV-iPnDcc-css\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 16 16\" fill=\"currentColor\" aria-hidden=\"true\" focusable=\"false\" role=\"img\" class=\"wpds-c-kKAfCG wpds-c-efqEZa focus-highlight flex items-center justify-center brad-lg pointer transition-400 ease-in-out transition-colors\" aria-label=\"Comment on this story\"><title>Comment on this story<\/title><path d=\"M14 14V2H2v9.47h8.18L12.43 13ZM3 10.52V3h10v9.23l-2.5-1.66Z\"\/><\/svg><\/button><\/p>\n<p>Comment<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"teaser-content grid-center\">\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Getting a PlayStation 5 has been notoriously difficult since the console\u2019s launch in November 2020, but after over two years of relentless shortages, the drought may finally be over.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Sony Interactive Entertainment president and CEO Jim Ryan <a href=\"https:\/\/www.youtube.com\/watch?v=UVMcjxW68Bc&amp;list=PLS7HhJc1FK0OAutjYiwVrYwb9xP0m7Wlp&amp;index=3\" target=\"_blank\" rel=\"noopener\">took the stage<\/a> at the 2023 CES Wednesday to say that anyone looking to purchase a PS5 will \u201chave a much easier time finding one at retailers globally starting from this point forward.\u201d Ryan also noted that \u201cPS5 supply improved toward the end of last year,\u201d with December 2022 being the console\u2019s b month of sales. The console, Ryan said, had sold over 30 million units.<\/p>\n<\/div>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Since the console\u2019s release, inventory has been low due to a number of factors, including an <a href=\"https:\/\/www.washingtonpost.com\/technology\/2022\/01\/25\/semiconductor-shortage-inventory-2022-chips\/?itid=lk_inline_manual_6\" target=\"_blank\" rel=\"noopener\">ongoing global semiconductor shortage<\/a>. Severe weather such as the drought in Taiwan (the home of Taiwan Semiconductor Manufacturing Company, the largest chip factory in the world) greatly hampered chip production, since fabrication plants require several million gallons of specially treated ultrapure water per day. The covid-19 lockdowns prompted semiconductor foundries to shut down while consumer demand for electronic products skyrocketed.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">These issues were also exacerbated by <a href=\"https:\/\/www.washingtonpost.com\/business\/2022\/11\/17\/china-trade-investors-markets\/?itid=lk_inline_manual_9\" target=\"_blank\" rel=\"noopener\">trade tensions<\/a> between the United States and China. As tensions remain high, especially over Taiwan, both nations have been looking toward the future and investing heavily in chip self-sufficiency. The United States has <a href=\"https:\/\/www.washingtonpost.com\/us-policy\/2022\/08\/09\/micron-40-billion-us-subsidies\/?itid=lk_inline_manual_9\" target=\"_blank\" rel=\"noopener\">pledged $52 billion <\/a>to build more domestic semiconductor foundries. Several other governments, such as the European Union and India, have also enacted plans to strengthen local chip manufacturing.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">As a result, virtually all electronic devices using microchips have become more expensive. In August, Sony announced <a href=\"https:\/\/www.washingtonpost.com\/video-games\/2022\/08\/25\/playstation-5-price-increase\/?itid=lk_inline_manual_10\" target=\"_blank\" rel=\"noopener\">price hikes for the PS5<\/a> in continental Europe, the United Kingdom, Canada, Australia, Mexico, China and Japan. The United States remains unaffected.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p><span class=\"font--article-body font-copy hide-for-print ma-0 pb-md db italic interstitial\"><a data-qa=\"interstitial-link\" href=\"https:\/\/www.washingtonpost.com\/video-games\/2021\/12\/30\/best-ps5-games-top\/?itid=lk_interstitial_manual_11\">These are the best games to play on the PlayStation 5<\/a><\/span><\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">For game consoles such as the PS5, supply chain issues and lack of purchasing safeguards gave rise to a thriving cottage industry of <a href=\"https:\/\/www.washingtonpost.com\/technology\/2020\/12\/16\/ps5-buying-bot\/?itid=lk_inline_manual_12\" target=\"_blank\" rel=\"noopener\">machine-powered resellers<\/a> who used bots to crawl vendors for PS5 drops and bought dozens of consoles at a time. The same issues also made the Nintendo Switch and Microsoft\u2019s Xbox Series X consoles similarly scarce. Retailers have adopted more stringent buying protocols to guard against resellers after widespread backlash from consumers. During the peak of the reseller market in November 2020, the PS5 often sold for double its MSRP, for an average of $1000 per console. Last year, resell prices for the PS5 <a href=\"https:\/\/www.forbes.com\/sites\/jaymcgregor\/2021\/09\/11\/scalpers-lose-30-on-ps5-prices-despite-restock-problems\/\" target=\"_blank\" rel=\"noopener\">tanked by 30 percent<\/a> despite the console still being in low supply.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Sony did not respond to a request for comment in time for publication regarding why the PS5\u2032s availability may have changed.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Piers Harding-Rolls, a games industry analyst for research and analytics firm Ampere Analysis, told The Washington Post in an email that \u201cSony has been working hard to secure its PS5 component supply chain over 2022. It is now in a more comfortable position but it has also had to increase the price of the console. I expect some pricing pressure will have come as a result of expanding its supply chain relationships and negotiating new arrangements to secure key components during a time of increased inflation.\u201d<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Time will tell if it will actually become easier to find a PS5 in 2023, or whether North America will see the price increases imposed in other markets. Still, Ryan\u2019s statements offer a hopeful sign for those still trying to get their hands on a PS5.<\/p>\n<\/div>\n<section class=\"dn-ns hide-for-print\" data-testid=\"mostRead\" subscriptions-section=\"content\"\/><\/div>\n<iframe data-lazy=\"true\" data-src=\"https:\/\/www.fiverr.com\/gig_widgets?id=U2FsdGVkX18x7XQvttUTrv1oEqmGNGTgvvCUiUoJ\/AP4z\/UyMz8lXGOLpu15jIMxBbTR0gmD5uBoFvhC4KWeALQRp3h\/X\/AwcVD0K8Wj9H\/ZzYKzcCNHosB9oS4SCJJFWiN85P9ICAc4OgCoE\/wHKIY7CDkf2\/DQ1vqGvk4smVe5cRDEmrLPCWi4FC8p40VUhSmWQ5udCm0zoJtorgWv3vbDQw0kKYkwn39ozAnQXDe+YvWMxkLFWA+O3TFwkJvdkIK+\/AUSnRssPKt5WHY0FhNOxnSPcLslEL4G4\/RfP95ve99U+kRnDy3X+KtzdQLY+u935ghON\/o3UE4IMv9oN6JX9RnxzL\/LRcOgnHigxStSGPKsZYtnz8RWNVT\/rOLAibqiWJadC5MYHRbekF3eg6FOGrQGkXYbsn0+a5aovnlLCbLwIqY9fcS17UX8J235iQ6cdmHNbrPeS84CMm34RA==&affiliate_id=1052423&strip_google_tagmanager=true\" loading=\"lazy\" data-with-title=\"true\" class=\"fiverr_nga_frame\" frameborder=\"0\" height=\"350\" width=\"100%\" referrerpolicy=\"no-referrer-when-downgrade\" data-mode=\"random_gigs\" onload=\" var frame = this; var script = document.createElement('script'); script.addEventListener('load', function() { window.FW_SDK.register(frame); }); script.setAttribute('src', 'https:\/\/www.fiverr.com\/gig_widgets\/sdk'); document.body.appendChild(script); \" ><\/iframe>\n<br \/><a href=\"https:\/\/www.washingtonpost.com\/video-games\/2023\/01\/06\/sony-playstation-5-shortage-over\/?utm_source=rss&#038;utm_medium=referral&#038;utm_campaign=wp_business-technology\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comment on this story Comment Getting a PlayStation 5 has been notoriously difficult since the console\u2019s launch in November 2020, but after over two years&#8230;<\/p>\n","protected":false},"author":1,"featured_media":28288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-28287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-universe"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PlayStation 5 shortage over, announces Sony exec Jim Ryan - mailinvest.blog<\/title>\n<meta name=\"description\" content=\"Technology is forever changing, and there are always new pieces of technology to replace obsolete ones. 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