Since its release in November 2020, the next-generation PlayStation 5 has been in great demand.
Affected by delivery issues, production of the PS5 nearly came to a standstill – this resulted in resellers listing the device for over £ 800 after it was previously officially in stores for £ 449.99.
The scarcity has sparked a boom in scalpers operating over the internet, similar to “sneaker” dealers who use automated software to suck up new versions and resell them at staggering profits.
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Why is there a PS5 shortage?
The PS5 shortage is related to the global semiconductor chip shortage, the same reason the Apple iPhone release faced production problems last year.
Taiwanese Semiconductor Manufacturing Co. has announced an upcoming price hike of up to 20 percent for its chips, which could make the PS5 and Microsoft Xbox Series X prices even higher.
Although August turned into one of the most successful months in terms of PS5 replenishment, they quickly sold out.
Where can I buy a PS5?