The next-gen consoles are nothing short of astounding; PlayStation 5 delivers awe-inspiring performance that could only be possible in well-built gaming PCs in the past. The enormous enhancements in visuals and video game performance could not have happened at such a quick pace without these robust next-gen consoles.
The shortage of hardware and high demands resulted in stocks being extinguished. Moreover, the dreaded pandemic also played a significant role in affecting the PS5 supply globally. The droughts in inventory had left most gamers without a PlayStation 5.
Nonetheless, Sony has been toiling through the stock issues to tackle the high demand worldwide. The stock has reportedly started improving worldwide; bulks of PS5 had been spotted in German retail stores. The stock situation has massively improved in the UK, resulting in staggering numbers in total sales.
As reported by GamesIndustry.biz, the PlayStation 5 stock has increased by a whopping 56% in August compared with July in the UK. This colossal boost has allowed extensive access to the next-gen console. More people have been able to purchase the PS5 recently.
Moreover, the PS5 console has also climbed an exhilarating podium. The PlayStation 5 now stands atop the podium and has overshadowed the Nintendo Switch in the total number of console units sold. Nintendo Switch sales fell to second place and increased by 4% in August.
The PS5 stock shortage is becoming a thing of the past as bulks of consoles are arriving in physical retail stores worldwide. Xbox Series S|X sales were stable last month but took third on the podium. Around 125,000 total consoles were sold in the UK during August and rose over 20% in contrast to July.
The replenishment of PS5 stocks has allowed more sales and led to the next-gen console ascending the total sales charts. Previously in August, the PS5 was reported to be improved in the US and the UK. Moreover, it was in the second position in the total units sold, and the Switch was at the top in terms of units sold.
PS5 stock seems to be improving at the same rate in the US as the UK, with the console now No.1 in revenue across both markets. Switch still out in front in terms of units
— Christopher Dring (@Chris_Dring) August 19, 2022
The CEO of Sony, Jim Ryan, has discussed stock issues several times. In a blog post honoring the PS5’s first birthday, Jim stated, “we understand the inventory constraints remain a source of frustration for many of our customers. Rest assured that we are laser-focused on doing everything in our power to ship as many units as possible.”
Jim Ryan continued, “it’s something we work on every day across the company and remains my top priority,” Ryan continued, “Again, we appreciate your patience as we navigate through these unprecedented global challenges.”
While addressing the recent price hikes in some regions of the world, the blog post added, “our top priority continues to be improving the PS5 supply situation so that as many players as possible can experience everything that PS5 offers and what’s still to come.”
The immense demand for PS5 resulted in massive sales in just a few years. The PS5 has sold over 100,000 units since last year, and the total number of units sold has reached 20 million pieces worldwide in just a couple of years since its advent.
The PlayStation 5 earned the insignia of being the fastest-selling console in PlayStation’s history. However, the total demand could not be met by Sony due to external factors, but that is changing fast in 2022.
What are your thoughts about the PlayStation 5 overtaking the Nintendo Switch? Do let us know your opinions in the comments below.
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