There have been a few suggestions recently that Xbox Series X stock could remain low for at least another few months, and now Microsoft's head of investor relations has echoed similar thoughts.
As reported by the The New York Times (via The Verge), Mike Spencer advised that Xbox Series X supply will remain low at least through June, and the company actually sold every Xbox it had last quarter.
"Mike Spencer, Microsoft’s head of investor relations, said in an interview this week that the company had topped $5 billion in gaming revenue in a quarter for the first time. Microsoft sold every Xbox unit it had last quarter, he said, adding that supply is likely to be constrained at least through June."
The New York Times also noted that it reached out to Microsoft for a further statement on the shortages, with the company stating it was “working tirelessly with our manufacturing and retail partners to replenish Xbox hardware as quickly as possible.”
Ultimately then, it looks like the supply situation for the Xbox Series X isn't going to pick up until the second half of the year at the very earliest, but hopefully we'll still see our fair share of retailer restocks in the meantime.
Are you still trying to get your hands on an Xbox Series X? Let us know in the comments below.
[source nytimes.com, via theverge.com]
Comments 8
I was expecting this due to the global semiconductor shortages, was surprised with the March/April time frame in the last article about this.
Its just so crap on people who just wanna get one of these effing machines🤷♂️
With related electronic material being reserved for anything vaccine shipment and/or dosage related, plus the raw material shortage in the background after 2020's vacuum, it's going to be a tough time in 2021 for anything electronic. Lead times are growing and prices are going up.
It surprises me both Xbox competitors seem to be getting more consoles to market going by sales figures.
Microsoft financial could eat them for breakfast, but can’t seem to make more consoles than them.
@orionreplay @Dezzy70 I doubt it has much to do, really, with materials shortages or vaccine earmarks and has more to do with AMD's repeated statements that they underestimated demand and shorted required production. They also said they had the contracts in place for boosting it second half of the year, but nothing really before then. So the timeline in reality is that MS had certain expectations and didn't contract for more than that. PS had expectations they contracted for. AMD provided a given allotment they set up to produce for based on their expectations. Demand eclipsed expectations, AMD had to sign new contracts for new production......but those contracts couldn't begin until Summer or so. it all seems to revolve around AMD's scheduling and limits, and from what they've said, they don't sound resource-constrained, just production capacity constrained due to the contract timetables.
Switch was A) stable production, and B) nvidia, so they're not splitting production with another competitor, the PC parts are a whole other fab, and the mobile parts aren't under supply issues atm.
Now, much as I adore my new consoles, this comes down to the simple question of what kind of ****ing nutjob decides to release a new ****ing console in the middle of a *****ing pandemic..... They didn't have to. They didn't even start production until around preorder time. Long after the announced they'd do it. I'm convinced they announced it amidst fear of "the other guy going first and taking advantage of it", and underestimating the plague thinking it would all blow over in the summer. Which is truly bizarre for the company founded by the guy who's been warning of said pandemic crisis for years.....
@NEStalgia
Correct I don’t think either of them wanted the other to get a 6 month or so lead to release first.
It is definitely a strange next generation release.
But then again both companies supposedly broke release week sales records.
Also the pandemic has increased console sales due to the having to stay in doors.
So maybe they were both to release their consoles when they did. I mean Sony already has sold nearly 5 million PS5 in a couple of months.
Would you have liked to have missed those sales and then also let Xbox get head start by not releasing.
@Dezzy70 Consoles are a big enough category at this point that trying to do a holiday release is stupid to begin with. iPhones don't release in November, for a reason. Let alone during a pandemic. Let alone when neither company was clearly prepared for launch. They were both in such a race to beat the other they threw half finished consoles out the door without software support for it, while still trying to put it all together. It's one thing to not miss extra sales due to a demand surge, but the mess of the whole thing.....I'm still not sure if it really was worth it. The squeezed demand means a protracted period they can't move on from the old consoles and end up heavily supporting two generations of platforms simultaneously, at high cost, for far longer than they really intended or wanted to.
I was lucky enough to snag one last week. I managed to get one from Target once I saw that consoles were listed in their ad ( it was 7 am on Sunday). I refused to buy GameStop’s ridiculous bundles. Just be patient and keep checking- it sucks but you may get lucky.
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