Fans will have to wait longer to get their hands on next-gen consoles as the stock drought of PS5 and Xbox Series X/S will continue. AMD warned enthusiasts that they would be unable to meet the high demand of gamers in their financial reports.
PS5 and Xbox Series X/S utilize AMD made custom chips. They are Zen 2-based CPUs and RDNA 2-based GPUs, chips that AMD is tasked to make.
The global pandemic increased the demand for next-gen consoles massively. Supply, on the other hand, just couldn’t cope with it due to the turmoil caused!
During AMD’s fourth-quarter and full-year 2020 financial results, CEO Dr. Lisa Su confirmed that the scarcity of next-gen consoles might persist till the first half of 2021. She further added that this is because “overall demand exceeded [the company’s] planning.”
AMD blamed the pandemic as it restricted the company’s capabilities to meet the ever-increasing demand.
It seems like for now, all we can do is wait. For the next six months, life will be all about waiting in virtual queues, refreshing the pages, and hoping for retailers to restock our beloved console.
Luckily, things will not always remain this unfortunate for us.
Despite AMD’s struggles in the first half of the year, Dr. Lisa Su was full of optimism when it came to the latter stage.
“We do see some tightness through the first half of the year, but there’s added capacity in the second half,”.
Dr. Lisa Su
She further added,
“And then as in terms of how we think about these things, so for our full-year annual guide, we do have good visibility on both the demand side and the supply side. And that was the basis for the guidance across the businesses.”
Dr. Lisa Su
This shortage should not come as a surprise to Xbox users. Microsoft’s CFO Tim Stuart divulged last year that this insufficiency could last till this year’s first quarter.
It is believed that AMD is working non-stop to cater to the needs of enthusiasts desiring a next-gen console.
About AMD
Founded in 1969, Advanced Micro Devices, Inc. or AMD is an American MNC that excels in making semiconductor devices needed for computer processing.
AMD is one of the world leaders when it comes to developing high-performance computing products. The company is best known across the world for manufacturing cutting-edge processors, motherboard chipsets, graphic cards, and CPUs, etc.
No Comments on The Drought of Next-gen Consoles to Continue until Mid-2021, Expects AMD