The Xbox Series X (and to a degree, the Xbox Series S) has suffered with a lack of stock ever since releasing back in November, and Microsoft has admitted it expects this continue over the next few months.
In a call following yesterdays earnings report, CFO Amy Hood noted that the company expects "significant demand" for the two consoles throughout the next quarter (ending March 31st), but it will be "constrained by supply".
"In Gaming, we expect continued strong engagement on the Xbox platform and significant demand for the Xbox Series X and S that will still be constrained by supply."
Xbox chief financial officer Tim Stuart noted all the way back in November that he expected the lack of stock to continue until well in 2021, but things might ultimately pick up heading into the pre-summer months.
Head of Xbox Phil Spencer has also been very apologetic about the stock issues, stating that "we need more consoles" and the company is "trying to get as many into the stores as we can, but the demand is just so high."
Are you surprised by this news?Give us your thoughts down in the comments below.
[source view.officeapps.live.com]
Comments 8
Most of Series X and PS5 goes to scalpers, no wonder the demand is so high.
It's probably too late now, but these companies really need to go after eBay and Facebook marketplaces to take down obvious extreme scalping.
I noticed that Amazon seems to police this better as you never see stock being sold there by third-parties. Sometimes one pops up in the $1K range, but quickly disappears in what I can only assume is Amazon shutting it down - though, I fear it could be someone stupidly buying it too..... Even still, there aren't thousands of stock on Amazon.
eBay needs to do better. I realize it's more of a free market there, but it really should be an embargo on the latest "in demand" goods being sold for more than say $50 over MSRP. Same with the Facebook marketplace.
There is a global shortage in the semiconductor supply chain. So basically less chips available for everyone which will especially effect MS & Sony as both have low yields for their chips...I wouldn't be surprised if the shortages didn't extended beyond Match as we were already hearing March/April back in November and i just started hearing about the semiconductor issues recently. Now I'm not in procurement so maybe it was a know issue for a while and maybe MS is throwing a bit extra cash to get priority. AMD did say they were building extra capacity for the next gen consoles recently if i recall correctly? So maybe they already have their chips secured? For everyone looking to pick one up I sure hope the stock starts flowing in but they need to find a solution for the scalpers as well. If they just keep filling the scalpers warehouses it doesn't help the intended consumer in any way.
I got stock alerts (via Stock Informer) for Series X at few stores this morning (UK) so they are slowly becoming available. Amazon, Very and Currys IIRC, and I also got an email from a different source saying Game also had stock. No idea how long the stock lasted though...
@dmcc0 Yep - almost got one as well. Sold out during my payment trying to go through.
Series S took most of the day to sell out so if people want that they are likely to get one relatively easily, but the X went in minutes.
@StonyKL Not really looking for the Series X anymore so didn't actually click through any of the alerts, I managed to pick up a Series S a couple of weeks after release. I didn't realise until this morning that I hadn't cancelled the stock alert!
After reading this, I’m actually glad I gave in to a scalper a few weeks ago. Waiting a couple of months after release was bad enough but now reading from Microsoft themselves saying there’ll still be Series X shortages for at least another few more months... I only paid £100 more than the RRP so it’s not too bad compared to some being sold for £600+
@MaccaMUFC yeah you're price wasn't bad and definitely an easy decision. It's paying near double that's unbearable. Mostly likely organized crime so come on guys....get 007 on this ASAP!!
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