Microsoft CFO Tim Stuart has said the company expects shortages of Xbox Series X and Xbox Series S to continue through the first quarter of 2021.
Speaking at the Jefferies Interactive Entertainment Virtual Conference (transcribed by Seeking Alpha), Stuart was asked about resupplying after Xbox Series pre-orders sold out, and explained that demand is huge right now, adding, “frankly, gaming is just exploding”.
The upshot appears to be that supply won’t be able to truly meet demand for some time yet. “I think we’ll continue to see supply shortages as we head into the post-holiday quarter, so Microsoft’s Q3, calendar Q1 [the period ending March 31, 2021]”, said Stuart. “And then when we get to [Microsoft’s Q4, April-June 2021], all of our supply chain continuing to go full speed heading into kind of the pre-summer months.”
[widget path=”global/article/imagegallery” parameters=”albumSlug=confirmed-xbox-series-x-games&captions=true”]
Stuart expects to see supply begin meeting demand during that April-June period. “We’ll have supply cranking over the next, what, 4, 5, 6 months. And that’s when I expect to see really that demand profile start to be met, which will be really, really great.” Stuart says he expects to see “real velocity kick up” once both Series X and S consoles are widely available to all.
It’s clearly been a good launch for Xbox, with Series X and S seeing the largest launch in Xbox history, and the company has promised that more consoles are being made available as soon as possible.
If you’re still looking for a new Xbox, here’s where to buy the Xbox Series X and Xbox Series S when they come back online. If you’re one of the people with a new Xbox console, here are 7 things to do first with your Xbox Series X. Be sure to check out all of IGN’s Xbox Series X guides when setting up your new console.
Joe Skrebels is IGN’s Executive Editor of News. Follow him on Twitter. Have a tip for us? Want to discuss a possible story? Please send an email to email@example.com.
Source: IGN Video Games All