Everyone knew that when the PlayStation 5 (PS5) was officially in production, the demand for the gaming console was going to be huge. What people—and Sony, the company that produces the PS5s—didn’t know at the time was a pandemic was going to hit, throwing a wrench in the launch of the console. With the global health crisis came a slowdown in production and, at the same time, an increase in demand for at-home entertainment. As pre-orders came and went, and launch day, too, Sony has now confirmed that all the PS5s that have been produced have already been sold.
According to HYPEBEAST, Sony Interactive Entertainment CEO Jim Ryan recently spoke with Russian news agency TASS and confirmed that if you don’t already have your hands on a PS5, there’s a chance you may not get one this year.
“Everything is sold,” Ryan said when he was discussing current sale figures. “Absolutely everything is sold… 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.”
Pre-orders for the console were first announced in Sept. 2020, and they went fast. The consoles available for pre-order were completely gone almost instantly. Seeing how quickly the pre-orders sold, and many still wanting the console, they marked their calendars for Nov. 12, 2020, when the PlayStation 5 was set to officially launch—and just kind of hoped for the best.
Thanks for nothing @Walmart 17minutes of having it in cart and hitting the check out button and the site crashing and now it updates to "Out of Stock"…
— Erik Jacobson (@HoovesAndGears) November 12, 2020
The demand for the PS5 was proven again when the entire inventory was sold out everywhere in no time on the official launch day. Trying to get hands-on one of the consoles was a nightmare of online cart issues and trying to compete with everyone else on the hunt for one. It was good news for Sony, it was one of its biggest launches ever. But now the company is competing with trying to meet the demand while having a limited production line due to the pandemic.
“Of all the things that I’ve learned this year, one is that I wouldn’t plan on doing another big console launch in the midst of a global pandemic, and I wouldn’t recommend it to anybody else,” Ryan said. “It’s been difficult, it’s been challenging from the production side, not being able to get anybody into the factories in Asia… Before we started production, we had to do all the manufacturing preparation by camera remotely. I mean, just imagine that for a precision device like the PlayStation 5.”
There is still a small glimmer of hope for anyone who still wishes to get a PS5 console. While the chances of snagging one this year are very low, Sony announced on Nov. 25, 2020, that it’s working to refresh the console inventory.
We want to thank gamers everywhere for making the PS5 launch our biggest console launch ever. Demand for PS5 is unprecedented, so we wanted to confirm that more PS5 inventory will be coming to retailers before the end of the year – please stay in touch with your local retailers.
— PlayStation (@PlayStation) November 25, 2020
“We want to thank gamers everywhere for making the PS5 launch our biggest console launch ever,” Sony tweeted from its PlayStation Twitter account. “Demand for the PS5 is unprecedented, so we wanted to confirm that more PS5 inventory will be coming to retailers before the end of the year — please stay in touch with your local retailers.”
In the end, chances are anyone who wants a console is eventually going to get one. However, trying to have it under the Christmas tree this year will take a little patience and a lot of luck.