Even though Sony released the PS5 one year ago, it’s not easier to obtain one now than it was at launch. COVID-19 has forced factories around the world to shut down in the last year, compounding the problem. Despite the fact that the worst of the pandemic has passed, many companies are still experiencing issues with the global chip shortage. Bloomberg reported that Sony has lowered its PS5 production outlook due to component constraints for the rest of the fiscal year. You should constantly follow our PS5 restock update coverage if you’re in the market for a PS5 this season.
In November 2020, when Sony released the PlayStation 5, supplies quickly sold out while gamers battled bots for limited supplies. Even a year later, consumers are still having a hard time obtaining one of the video game consoles.
A PCMag reporter who has tracked the shortage said it’s exciting to know you have one. “It’s the hot item. Your kids want it, and you want to make them happy,” he said. There will be a lot of challenges, especially now. It comes down to how driven you are.”
PlayStation 5 isn’t cheap. The digital edition costs $400, while the Blue-ray console costs $500. That is if you manage to find one on sale at retail. eBay and other websites are charging resellers as much as $700 for the consoles.
Over the holiday season, you will have difficulty finding a PS5
According to Bloomberg, Sony planned to produce more than 16 million PS5 consoles during its current fiscal year, from April 2021 through March 2022. In that same period, the company targeted selling 14.8 million units. Sony is now dropping its assembly target of 15 million PS5 consoles due to supply constraints and logistical issues. It will be difficult to sell 14.8 million units by March. In addition, this shows just how much trouble Sony has when it comes to producing consoles.
Bloomberg’s report also cites comments made by Sony’s chief financial officer, Hiroki Totoki. In an October conference call, the executive said that parts shortages and logistics issues had gotten worse. According to him, PS5 sales were not as strong as the company had anticipated. In addition, he recalled that he had warned investors that a new wave of infections would impair the ability of the company to acquire the necessary components for the game console.
What is the reason why the PS5 is still difficult to find a year after its release?
Experts say the problem boils down to supply-chain problems, bots, and the methods retailers are using to sell the console. The PS5 isn’t the only one in short supply this year. Additionally, experts note that other gaming devices, such as the OLED version of the Nintendo Switch and popular graphics cards, can also be hard to find.
According to Bloomberg News, Sony has reduced its estimate for PS5 production to 15 million units from its prior goal of 16 million as a result of supply-chain issues. COVID-19 has caused logistical snarls and parts shortages in the region where chips and other essentials are made, according to the company.
Bots that are faster
Bots are also a problem. A program like this is designed to purchase in-demand products as soon as they become available. They can complete online transactions in much less time than a person because they’re automated. Since last year, the bots have become faster and more accurate, Kan said.
“A year ago, buying these products was much easier. You had at least one minute” before the bots jumped in, he said. Even if you get on during the first second of restocking, you are not guaranteed a console. No one expected things to get this bad.”
It is still possible to score a console, but it takes effort. Steve Butterfield, a public policy expert from Augusta, Maine, who bought three PS5s this year (two for friends), describes the process as frustrating and “somewhat funny.”
As a result of the chip shortage, Butterfield’s four-month wait for a new dishwasher was worse than his four-month wait for a new PlayStation 5. A dishwasher took longer to obtain than a PlayStation 5, he observed.
The following tips will help you score a console.
Follow the PS5 restock tracker on Twitter
Social media can help you find out when the PS5 is restocked at retailers like Best Buy, Costco, and Walmart. The three PS5s Butterfield purchased were a result of tweets from Matt Swider, the founder of TheShortCut.com, whom Butterfield follows on Twitter.
Butterfield set up an alert so he would be alerted when Swider tweeted, which allowed him to jump on available restocks immediately. As a result, Butterfield purchased a PS5 from Walmart, a second from Target, and a third directly from Sony.
“The retailers are always restocking these products, and you want to know as soon as they do – it could be today, tomorrow, or this minute,” said PCMag’s Kan. “There are users that only track restocks, so you can follow them and set up Twitter alerts for them.”
Despite requests for comment, Swider did not reply. Twitter accounts like @CameronRitz and @lordofrestocks also tweet about restocks.
Become a member of retailers’ programs
One more way purchasing a PS5 has become more difficult this year compared with last year is that some retailers limit access to popular items to customers who belong to their membership programs.
It has come to our attention that these retailers only sell consoles to members of their membership programs,” Kan said. For purchasing the devices, you need to be in a Walmart+ or Best Buy Totaltech store.
Some consumers may not find the advice appealing, while others may be willing to pay for the memberships. Walmart+ costs $98 a year, but you can try it for free for 15 days. Totaltech from Best Buy costs around $200 annually.
Take a look at Hotstock.io
The site Hotstock.io may not be a household name just yet, but its product-tracking features are gaining fans. Despite not being designed specifically for PS5s, Hotstock.io lists the console as one of its most popular items.
From Amazon.com to Walmart, Hotstock tracks inventory at dozens of retailers. The app allows users to set up alerts so they’re notified when specific products are restocked at a particular store.
Those who subscribe to Hotstock.io’s premium service, which costs $5.99 per month, receive alerts first. You may get alerted slightly later if you are using the free service, which can be a problem when seconds count.
Don’t give up, try again
Experts say patience and persistence are the keys to success. Kan said that he spent about three weeks trying to get a PS5 earlier this year and finally got one. It ended up not being purchased by him since he already has a PS4 and didn’t feel as though he needed the newer device.
At this point, he said, playing the lottery is like winning the lottery. I think you can get it if you’re determined. It might take a couple of weeks or months.”