Video game companies have been facing supply chain issues for quite some time. As a result, not everyone can get their hands on their favorite products as it gets sold out within moments. The simple breakdown is that the demand is very high, but the inventory is insufficient. After Nintendo’s underwhelming Q1 financial report, Xbox has come forward to speak of its concerns.
Xbox boss Phil Spencer disclosed the company is struggling to meet the demand for Xbox Series X/S consoles.
He also mentioned that the situation would not likely look up around the holiday season. However, Spencer actively seeks solutions and hopes this is a temporary jam.
Things will be somewhat better in 2023 as the supply is expected to catch up with demand.
Xbox Series X and S sales have been extraordinary. Sony and Xbox have been in close competition, and compared to the PlayStation 5, the Xbox Series X has managed to outsell its major competitor in several events.
Moreover, Sony’s sudden price hike for the PS5 gives buyers more incentive to opt for an Xbox console. Sony blamed challenging economic conditions for the change.
Many guessed the company had been waiting for Sony to make a move first. However, a Microsoft spokesperson stated that while the company is constantly evaluating its business, the Xbox Series X/S will keep its current price for now and there won’t be any price hike.
Founded by Bill Gates and Paul Allen in 1975, Microsoft is an American MNC that creates, licenses, supports and sells computers, software, electronics, video games, and corresponding services.
Some of the most popular titles in the world, like Age of Empires, Forza, Gears of War, Halo, Minecraft, Microsoft Solitaire, Microsoft Flight Simulator, and State of Decay, have been developed and published by Microsoft.
Microsoft is also known for establishing the famous console brand Xbox, along with the video game subscription Xbox Game Pass.