PS5 stock shortages could last until 2024, according to Intel’s bleak prediction

PS5 inventory shortages are set to continue as Intel CEO Pat Gelsinger has predicted the global chip and semiconductor crisis could continue well into 2024.

Gelsinger gave the rather concerning update to CNBC (thanks, VGC) and said the chip shortage is now affecting the manufacturing machines that are responsible for creating chips in the first place.

“That’s part of the reason why we think the global semiconductor shortage will now drift towards 2024, compared to our previous estimates in 2023, simply because shortages have now hit equipment and some of these factory ramps will be more difficult,” Gelsinger said.

Gelsinger previously predicted that chip shortages, which have impacted PS5, Xbox Series X and Nintendo Switch inventory, would likely end in 2023, but now admits there still won’t be enough chips to meet demand in the years to come.

Gelsinger’s comments are at odds with AMD CEO Lisa Su, who previously said the second half of 2022 would see an increase in supply, which would hopefully allow consumers to buy more consoles.

Unfortunately, despite a marked increase in Xbox Series X stock – a consequence of Microsoft apparently paying for chip priority at factories – PS5 stock is still not readily available. PS5 restocks are happening, but they’re still infrequent and tend to sell out extremely quickly. Judging by Gelsinger’s prediction, this frustrating situation is likely to continue.

Supply issues are now hampering PS5 success

Close-up of a PS5 DualSense controller leaning on a PS5

(Image credit: Shutterstock/Hopix Art)

The lack of PS5 stock has led to a sharp drop in PS5 sales. The console is off to a good start, with the latest official figure showing Sony to have sold 17.3 million consoles as of December 31, 2021, but it’s now trailing the PS4 in sales to date.

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The Xbox Series X | S and the Nintendo Switch have both outsold the PS5 in recent months, largely because people just can’t get their hands on Sony’s system. And that’s a shame because, in terms of software, Sony has released a number of heavy hitters after a quiet holiday period. Gran Turismo 7, Horizon Forbidden West, and Uncharted: The Legacy of Thieves Collection all released this year.

While Sony plans to release PSVR 2, a virtual reality accessory for its $499 console, the company — and gamers — are hoping the situation will improve in the coming months.

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