Getting your hands on stock PlayStation 5 continues to be exceptionally difficult, but will that soon change?
Although there is some good news, the PlayStation 5 is still very rare. Sony has released its 2021 results and, as you’d expect, the lack of PlayStation 5 stock continues to cripple the company.
It’s a complicated situation, so let’s take a look at the factors involved in the current PlayStation 5 stock shortage. For more information, check out our full guide to buying a PlayStation 5 in Australia.
Lockdowns in China
As the manufacturing capital of the world, internal events in China are a huge factor in the PS5 inventory situation. The country is aggressively pursuing a “zero COVID” policy, and factories have been collateral damage, with work halting in Shanghai and other cities. Shanghai recently imposed its toughest restrictions yet.
The country’s COVID policies are also taking their toll on its shipping ports. The closures are expected to impact shipping of all kinds as freighters block China’s coastline. Considering that the PlayStation 5 has already proven to be highly susceptible to global supply chain issues, this suggests a poor outlook for the PlayStation 5 out of stock.
In addition to making the PS5s themselves, these lockdowns are doing the long-running global shortage of computer chips a disservice. The pandemic has led to increased demand for consumer technologies, accompanied by a reduction in computer manufacturing capacity around the world, and this is not improving. This too is wreaking havoc on the PlayStation 5.
Sony’s current projections
Sony, meanwhile, is adopting a somewhat optimistic tone. It plans to ship 18 million PS5s throughout the 2022-23 fiscal year. It’s an ambitious target, with just 11.5 million PS5s sold in 2021. And company bosses have acknowledged lockdowns in China are a threat to its plans, with CFO Hiroki Totoki saying; “A downside risk would be if there were further deterioration in the supply chain, including the potential widening of lockdowns in China.”
Totoki also admits that 18 million may not even be enough to satisfy consumer desires; “We think there was a bit more demand than that… If the question is whether we can meet the demand, I think [we are] still a bit short.”
So, it looks like the PlayStation 5 out of stock isn’t going anywhere. COVID and other geopolitical factors continue to prevent Sony from meeting massive demand for its console.
PlayStation 5 Buying Tips
If the PS5 stock situation remains the same, consumers will have to continue to pull out all the stops to get their hands on the coveted console. Luckily, we have some tips to give you the best chance possible.
The PlayStation 5 recently went into stock at Amazon, but it’s priced sky high ($1,180 compared to RRP of $749.95) and supply is limited. You can also check out this helpful eBay link, telling you the cheapest price the PS5 is available for on the website.
If you are a Twitter user, Australia PS5 Stock Alerts is a great follow up. This account lets you know when PlayStation 5 stock will be available at major Australian retailers. Daring consumers might also consider importing a PlayStation 5 from an overseas seller. But that comes with complications, like the need to buy an adapter plug, shipping costs, and everyone’s favorite pastime, international consumer law disputes.
Before buying a PlayStation 5 from any type of retailer, be sure to do plenty of background research to ensure you don’t get scammed.
PlayStation 5 consoles
When last checked, these links led to available PS5 stock. Just be aware that you may have to pay a premium.
Buy PS5 Hardware
If you get your hands on a PlayStation 5 in Australia, here are some essential accessories and games you’ll need.
Want even more information on the latest in gaming? Go to Game Finder.