Intel Boss Hints at Dark Times Ahead for PlayStation and Xbox Sales

While the current problem of the lack of semiconductors was already creating obstacles in various business sectors, the gaming industry is likely to suffer even more in the future. Simply put, buying a PlayStation, Xbox or even a Nintendo Switch will become more difficult now.

That’s according to the Intel CEO, who recently warned that the global chip shortage will likely continue until 2024. It implies that gaming lovers who are thinking to buy any of the popular consoles such as the PlayStation, Xbox, or Switch may face major disappointment in the coming months.

The ongoing struggle to own a PlayStation, Xbox, and Switch gets more challenging!

In a recent interview with CNBC, Intel CEO Pat Gelsinger discussed the ongoing chip shortage. Following up on his previously made prediction, this time he mentioned that the problem is likely to stretch until 2024. This means that there will be added adverse effect on the availability of consoles as well as graphic cards.

Giving his reason for his new prediction, he said that it’s due to the lack of manufacturing tools. Initially, they were expected to be readily available, but it’s not the case anymore. It implies that there aren’t enough chips produced to meet the growing demand.

WATCH THIS STORY: Top-Selling Playstation, Xbox, and Nintendo Consoles of All Time

“That’s part of the reason that we believe the overall semiconductor shortage will now drift into 2024, from our earlier estimates in 2023, just because the shortages have now hit equipment and some of those factory ramps will be more challenged,” he said.

Last year, in October, Gelsinger predicted that the chip shortage problem will last till 2023.

Meanwhile, console-making companies are struggling to meet the increasing demand from consumers. And the most rarely available device right now is definitely the PlayStation 5. The present generation of Sony’s line-up of consoles hardly ever makes it to the stocks. The same is the case with even the Xbox and Nintendo Switch.

READ MORE: What Does a ‘Single-Use Restricted’ PlayStation Mean? How Can Fans Acquire It?

All things considered, video game enthusiasts are the ones who will eventually suffer a lot due to this crisis. Those who want either a PlayStation, Nintendo Switch, or even the Xbox, will have to become habitual with this extended situation.

What are your thoughts on this news? In case you were hoping for the problem to resolve soon, what do you think about it now?

Let us know in the comments.