"There will be shortages of the Xbox Series X and S stock", says Microsoft
Microsoft Chief Financial Officer Tim Stuart announced at a recent virtual conference, that stock shortages of the Xbox Series X and S will continue throughout the first quarter of next year.
Stuart said that the company’s supply chain would be working at full speed until then, but the supply and demand profiles are only expected to meet in the second quarter of next year.
“I think we’ll continue to see supply shortages as we head into the post-holiday quarter, so Microsoft’s Q3, calendar Q1,” Stuart said.
“We’ll have supply cranking over the next, four, five, six months,” said Stuart, “And that’s when I expect to see really that demand profile start to be met, which will be really, really great.”
Microsoft began taking pre-orders for the Xbox Series X/S in September 2020, with the result that much of the initial stock was sold out well in advance of the official launch on the 10th of November.
The company has said the new Xbox consoles comprised its biggest console launch yet, but Xbox head Phil Spencer has also noted that console gaming is becoming less important as the video game industry evolves.
Spencer issued a brief apology during a GlitchCon stream. According to Spencer, he blames unexpectedly high demand, rather than inadequate supply, as the problem.
Written by: Staff Writer.
Guzzle Media
