Microsoft’s gaming chief has said he doesn’t think the company can keep up with demand for Xbox consoles this holiday season.
Phil Spencer provided an update on the supply chain issues the company continues to face during an interview with Bloomberg.
“I still think demand will outstrip supply for us this holiday,” he said. “We’ll see when we get to 2023, you’ll start to see more, that supply is catching up with demand, and maybe you’ll see one in store when it comes in.”
Spencer’s comments echo those of Xbox CFO Tim Stuart, who said in June that console supplies “could remain tight through 2022 and the holiday season.”
The shortage of current-gen consoles has been a problem since the Xbox Series X and PS5 launched 21 months ago, although the situation seems to be gradually improving.
And the shortage hasn’t stopped the Xbox Series X/S from getting off to a record start, according to Microsoft. “We’ve sold more consoles to date than any previous generation of Xbox,” CEO Satya Nadella said in July.
Spencer also told Bloomberg that he hopes there will be “fewer and fewer” platform-exclusive games going forward, that he “feels good” about the chances of Microsoft’s proposed Activision deal getting approved, and that he’s cautious. about playing to win crypto games.
After Sony increased the price of the PS5 on Thursday, Microsoft told VGC that UK retail prices for its Xbox Series X/S consoles will remain the same.