It was a rough few years for Sony’s PlayStation 5.
Sony launched the new game platform in late 2020 when the world was eight months into a global shutdown from COVID-19.
This affected lots of different industries with supply shortages because manufacturing facilities shut down.
One segment of the market that took several years to resolve was gaming chip manufacturing which caused massive shortages for the new PlayStation.
As a result, the PS5 sales were significantly lower than its predecessor the PS4.
This caused Sony to make some tough choices including releasing games during this time for both PS4 and PS5 instead of pushing users to the new game console with hot new games.
This has also affected the company’s willingness to push for pre-Christmas specials for fear of widespread shortages.
There were numerous reports of huge lines at electronics stores with users paying hundreds more to buy the PS5 from scalpers just to get their hands on the hard-to-get item.
Sony believes these shortages are behind them and is gearing up for a big Christmas season.
In fact, the company might have a surplus on its hands that might lead to some deeper-than-normal discounts for the holiday season.
Sony, in an effort to keep up with Microsoft’s Xbox, has overhauled its game streaming service PlayStation Plus to include PS5 games, allowing users to stream games they already own.
Microsoft is aggressively cutting its Xbox prices and including three months of free access to Game Pass, the company’s game streaming platform.
This points to a price war between the companies which is good news for consumers looking for holiday deals.