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Microsoft Warns Xbox Series X/S Shortages to Continue into 2021

As shortages continue, the scalpers are having a field day! Xbox Series X selling for upto $12K with average prices between $4K to $8K. Come on! … something needs to be done about this.

Taken from Techspot … Are you hoping to get hold of an Xbox Series X or S this year? Not wanting to be the bearer of bad news, but even Microsoft thinks that’s an unlikely scenario. A company exec says shortages of the consoles are expected to last until at least April 2021.

“I think we’ll continue to see supply shortages as we head into the post-holiday quarter, so Microsoft’s Q3, calendar Q1,” said Xbox chief financial officer Tim Stuart, Speaking at the Jefferies Interactive Entertainment Virtual Conference (transcribed by Seeking Alpha).

“And then when we get to Q4, all of our supply chain continuing to go full speed heading into kind of the pre-summer months. And that’s where I start to — I expect to see a little bit of the demand — the supply profile, meeting the demand profile.” Microsoft’s fiscal Q4 runs from April through June.

This isn’t the first time Microsoft has warned that its consoles’ supply issues aren’t ending soon. Last month, Phil Spencer said demand is expected to outpace supply for months. The head of Xbox acknowledged people’s frustrations and admitted that the current pre-ordering system needed an overhaul to stop bots from grabbing high-demand products the second they appear. He also apologized for the situation during a GlitchCon stream over the weekend.

Source: Techspot

 

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