Xbox CFO warns of Supply Chain issues to continue very well in 2022

According to reports, Xbox CFO Tim Stuart stated that supply chain concerns hurting the games sector will likely remain throughout the year. Stuart stated on an investor call held by financial services firm Baird that " the supply chain environment could remain rocky through 2022 and the holiday season," according to the firm. Recent Chinese lockdowns have harmed the supply chain, he added. According to Stuart, manufacturers are dealing with two issues: scarce parts, which he claims "favour Series S consoles," and "elevated logistical pricing compressing margins." credit:source Over the last few years, the games industry has been plagued by supply chain challenges. Due to a continuing shortage of semiconductors and other critical components, Sony has cut its PlayStation 5 prediction for the coming fiscal year to 18 million consoles. Due to the pandemic, supply chain concerns began in 2020 and have hampered the launch of Sony and Microsoft's new generation consoles. While Xbox Series S consoles appear to be easier to come by, the situation with the PlayStation 5 and Xbox Series X hasn't improved much, despite Sony and Microsoft's efforts. Veronica Rogers, PlayStation's vice president of worldwide sales and business operations, said earlier this month that the firm plans to raise output this year, although it's unclear how it'll do so given the present supply chain challenges. credit:source To those fans who have yet to get their hands on a console, please know that we are planning on a significant ramp-up in PS5 production this year and we are working endlessly to make sure that PlayStation 5 is available for everyone who wants one. Due to the chip scarcity, Nintendo's full-year figures indicated a modest drop in sales last month. Intel CEO Pat Gelsinger expressed his concerns about supply chain challenges in May, predicting that the current shortfall will endure until 2024. also read: Kingdom Hearts 4 will have Less of Disney World due to Increased Graphics Source