If you can’t get your hands on Sony’s PS5 but want to play some console-exclusive titles, it may be time to pick up a new PS4. Luckily Sony has observed a hole in the market, and it will be plugged, at least until the end of the year.
Bloomberg is reporting that Sony has decided to continue to produce the Playstation 4 through to the end of 2022. This information, while from an official announcement, Sony allegedly “told assembly partners late last year that it would continue making its earlier-generation machine through this year, according to people familiar with the matter.”
The tech market is currently experiencing significant issues with supply chains. The common culprit is a chip shortage. This problem affects the console manufacturers Sony and Microsoft and even the manufacturers of CCTV cameras and fire alarm control panels. Speaking from direct experience, the bottleneck is causing 5-6 month lead times for even a single device.
Forrester‘s Research Director Glenn O’Donnell has advised that the shortage could last into 2023. In his blog, O’Donnell says, “Because demand will remain high and supply will remain constrained, we expect this shortage to last through 2022 and into 2023.”
The Research Director further went on to explain that the current geopolitical tensions between many countries and China may worsen or prolong the situation, “If sanctions tighten, US exports to China will drop further, spawning even more domestic expansion in China. In addition, Chinese tech companies like Huawei are already making lots of chips. The result will be a stronger Chinese supply, further escalating trade tensions. Still, even at China’s blistering pace of innovation, a sufficient Chinese supply is at least two years away.”
Finding a PS5 or XBOX Series X isn’t easy, but it can be done. Check out our article detailing how you can get one without paying a scalper. Sony sure does have an uphill battle on its hands.
Sony’s production woes aren’t its only concern this year. One of Sony’s VPs was caught in a predator sting.
What do you think of Sony’s decision to continue to produce Playstation 4 consoles through this year? Let us know in the comments section below.
[Source: Bloomberg]
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