The PlayStation 5 has had a history of supply issues with the global chip shortage limiting the number of consoles that are available in stores, hitting especially hard during the increased demand of the pandemic months. During its launch, the PS5 was rarely seen in gaming stores and there were long wait lists for the console online - but that has changed at long last.
Consoles such as the PS5 were in such high demand during the lockdowns that many turned to scalpers who were snapping up the available supply. Scalpers used bots and the like to acquire consoles that were available in online gaming stores and resell them at double the price.
The supply of the PS5 has now been stabilized with Sony President Jim Ryan announcing that the shortage is over. Sony is now ramping up the production of the console and is even outselling the Nintendo Switch in certain regions due to the demand still being high.

