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PlayStation 5 Sales Expected to Pick Up in 2021

In the beginning, most people thought that the PlayStation 5 was going to be released in several variants, including a Pro variant.



PlayStation 5 Sales Expected to Pick Up in 2021
Photo by Charles Sims on Unsplash

The Sony PlayStation 5 is one of the biggest news of 2020, and for gamers at least, it was perhaps one of the best news of the year, apart from having to play as many games as they like cooped up in their houses. The PlayStation 5 was released 7 years after its predecessor, the PS4.

The PS4 was actually the clear winner of the gaming wars of the previous generation. It was widely received and beat the Xbox and other consoles by a fair mile. In fact, only the Nintendo Switch has sold decently well; the Xbox was nowhere to be found among the top charts.

Needless to say, the hype was real for the PS5. In the beginning, most people thought that the PS5 was going to be released in several variants, including a Pro variant. This was widely expected considering the fact that the company had previously released a PS4 Pro midway during the generation.

Naturally, most people thought that another would be headed their way, this time released no doubt with the console. However, that didn’t materialize. Sony took a very unique approach to releasing the PlayStation 5, waiting until the absolutely last minute to give the people an insight into the console itself.

However, once it was revealed to the public, the interest only began to grow. It wasn’t long before people were vying for the console before it was released, and pre-order numbers were all the way up.

But, unlike previous releases in the Sony lineup, this one was slightly different. For starters, the company was navigating something it had never encountered before: a crisis caused by a global pandemic. There is little doubt in the fact that the pandemic caused production delays and manufacturing and that affected production off of the supply lines.

More importantly, as flights were halted and ships were brought to a stop in the seas due to the raging pandemic, it’s easy to understand that the company suffered serious delays in production as well. Considering the fact that Sony likes to maintain complete control of the manufacturing from top to bottom, it’s easy to understand that the delays were a problem.

This affected the supply, and then there were the scalpers. Due to the ongoing pandemic, a vast majority of the people preferred to buy their console online. Many stores also recommended that people preorder online and then pick up their consoles or have it delivered.

Needless to say, this didn’t pan out as the company expected. Scalpers used bots and a variety of other techniques in order to buy up supply as quickly as they could, which resulted in  serious stock-outs all over the country.

It’s been almost four months since the Playstation 5 was released, and to date, it is sold out in many parts of the world. However, the boss, Jim Ryan, believes that production will pick up in 2021 as the world starts to recover from the global pandemic and production picks up all around the country.

It’s not going to be easy, because so far, we haven’t seen any major stock supplies being delivered. However, as the initial fever dies down and the world prepares itself for the new normal, it’s only going to get better from here on out. However, we are still waiting to see how Sony will handle the increased demand, because the console has already sold more than 5 million units in a mere quarter. It is currently selling each unit at a loss, but makes up for the difference in cost with associated services like the PS+. The next years with the PS5 are going to be great as developers open up and start pushing the boundaries of the console!

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