Sony CEO on PlayStation 5: ‘Absolutely everything is sold’

Sony CEO on PlayStation 5: 'Absolutely everything is sold'

Sony’s PlayStation 5 supply issues don’t look like they’ll be letting up anytime soon.

Speaking to Russian news outlet TASS, Sony Interactive Entertainment CEO Jim Ryan said the next-generation console will continue to experience steep stock shortages for the foreseeable future.

“Everything is sold. Absolutely everything is sold,” Ryan said. “I’ve spent much of the last year trying to be sure that we can generate enough demand for the product. And now in terms of my executive bandwidth, I’m spending a lot more time on trying to increase supply to meet that demand.”

Ryan added that the COVID-19 pandemic had made things “challenging from the production side,” with Sony workers not being able to get into its factories in Asia during lockdowns.

“I wouldn’t plan on doing another big console launch in the midst of a global pandemic,” he said. “And I wouldn’t recommend it to anybody else.”

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Sony has yet to release any official sales numbers for the PS5, which came out almost two weeks ago, but the console has not consistently been in stock at any retailer since its chaotic preorder rollout in September.

While some buyers have been willing to cough up thousands of dollars on eBay, it appears that the next-best chance to score a system will be on Black Friday. That’s when a number of big-box retailers will make their latest shipments available.

Best Buy, whose PS5 and Xbox pages have shown the items sold out for months, has advertised that it will have “limited quantities” available on the major shopping holiday, while Walmart has confirmed that it will have some units in stock on its website.